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Wireless

Vodacom Group considers partial sale of M-Pesa stake

Monday 24 May 2021 | 11:02 CET | News
Vodacom Group is considering disposing a part of its stake in mobile money platform M-Pesa, the Business Daily reported. Vodacom CEO Shameel Joosub disclosed the sale plans at an investor briefing in response to a question asking whether it is likely to spin off M-Pesa or to sell a stake to external parties. Joosub said the company will consider selling part of its stake in M-Pesa if investors continue to ignore the value of the platform.

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Categories: Mobile & Wireless
Companies: Safaricom / Vodacom
Countries: Africa
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