Technology & Innovation4 stories
The Government of Kenya has outlined nine conditions for Vodacom to acquire a 15% stake in Safaricom as part of a KES 245 billion deal giving Vodacom majority control. This divestment aims to raise between KES 240.5 billion and KES 244.5 billion for the National Infrastructure Fund and the Sovereign Wealth Fund. In separate service updates, Safaricom introduced a new confirmation step for M-PESA transactions via its SIM Toolkit, requiring users to re-enter the recipient's number to reduce wrong transactions. The company also introduced new promotional pop-ups within its M-PESA SIM Toolkit, offering discounted data and minutes bundles to users attempting to send money to Airtel Kenya.
