Nairobi is set to host the African headquarters of M-Pesa, putting the Kenyan capital at a vantage position to oversee penetration of the money transfer and payments platform across the continent. The announcement comes after South African telco, Vodacom, and its Kenyan subsidiary, Safaricom, said they had jointly completed acquisition of the M-Pesa brand from Vodafone, the UK-based telecommunications giant. “Nairobi will now host the Africa head office for the Joint Venture, we’re excited that the management, support and development of the M-Pesa platform has now been relocated to Kenya,” outgoing Safaricom CEO Michael Joseph told The EastAfrican.
The newly-created joint venture will oversee expansion of M-Pesa into African markets.
