MP revives bid to split M-Pesa from Safaricom in fresh Bill

The proposed law, if passed, could have a disruptive impact on industry leader Safaricom, which has in recent years upgraded M-Pesa into a digital platform that is poised to be the telco's biggest revenue driver. [Elvis Ogina,Standard]

Leading communications services provider Safaricom could be forced to break off M-Pesa from its core business if a new Bill is passed into law.

This follows proposed amendments to the Kenya Information and Communications (Amendment) Bill, 2019, spelling out a new licensing framework for Kenyan telecommunication service providers.