South Africa’s telecoms operator Vodacom Group is considering selling part of its stake in mobile money platform M-Pesa to unlock value running into billions of shillings from the fast-growing service.
Chief executive Shameel Joosub disclosed the sale plans at an investor briefing on Tuesday in response to an analyst who asked if the company is likely to spin off M-Pesa and whether the multinational is willing to sell a stake to external parties.
