Safaricom sued to disclose M-Pesa firm’s cash records

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A Pedestrian walking past Safaricom Shop along Kenyatta Avenue in Nairobi on May 7, 2023. PHOTO | EVANS HABIL | NMG

Three M-Pesa account holders seeking to compel Safaricom to disclose the mobile money platform's financial statements have opposed an application by the telco to suspend their petition, arguing that the matter is of immense public interest.

S. Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi sued Safaricom, Vodafone Group Plc, and M-Pesa Holding Company, among others, seeking a raft of declarations, among them an order lifting the corporate veil on Safaricom and its affiliate firms.

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