Safaricom to focus on expanding M-Pesa, says interim CEO

Michael Joseph, who was appointed as interim chief executive officer of Kenyan telecoms firm Safaricom after its long-time executive Bob Collymore died of cancer, is seen during a news conference at the company's headquarters in Nairobi, Kenya, July 1, 2019 [Photo, Reuters]

NAIROBI, KENYA: The interim CEO of Kenya’s top telecoms operator Safaricom said on Wednesday he would focus on expanding the firm’s mobile financial services business M-Pesa beyond Kenya.

Michael Joseph took over the helm of East Africa’s most profitable company, which is part held by South Africa’s Vodacom and Britain’s Vodafone, this month after the death of long-serving boss Bob Collymore.