Kenya’s leading telco Safaricom has announced that it has completed the full acquisition of M-Pesa Holding Company Limited from its ultimate parent firm Vodafone Group PLC, finalising a process that was initiated in April this year.
In a statement to newsrooms on Wednesday, the telco said it had acquired a 100 percent control of the M-Pesa firm – an entity that holds hundreds of billions of shillings in customer deposits – making the mobile money product a wholly-owned subsidiary of Safaricom.
