• Latest
  • All
  • How To
After Two Years In Development, M-PESA GlobalPay Virtual Visa Card Arrives for Kenyans

M-Pesa Holding Company Now 100% Safaricom-Owned

December 17, 2024
University student fined for defamatory Facebook posts

University Student Fined KES 7.5 Million for Defamatory Facebook Posts

May 29, 2025
AI Africa policies database

New Platform Brings All African AI Policies Under One Database

May 28, 2025
POATE 2025

Kenya’s Tourism Sector Grows as Travel Gets Easier Across East Africa

May 28, 2025
sodium-ion battery

Researchers Develop Sodium-Ion Battery That Charges to 80% in 6 Minutes

May 27, 2025
DHgate Tablet Cases deals
TV Gambling Ads

Regulator Fines Stations Using Religious Shows to Push Gambling

May 27, 2025
Connected Africa Summit 2025

Connected Africa 2025 Day 2: Focus on Digital Inclusion & Cybersecurity

May 27, 2025
whatsapp chatbots

iPad Users May Finally Get a Native WhatsApp App

May 28, 2025
Connected Africa Summit

Connected Africa Summit Calls for Unified Tech Vision

May 28, 2025
Kenya Safaricom share sale

Kenya Plans Mega Sale of Safaricom Shares to Raise Over a Billion Dollars

May 26, 2025
Safaricom, Airtel, Telkom lawsuit

Safaricom, Airtel, Telkom and CA Sued in Data Rollover Lawsuit

May 28, 2025
Metered Internet bill

New Bill Wants to Meter and Monitor How You Use the Internet

May 26, 2025
veo 3

Veo 3 by Google Sets a New Standard in AI Video Creation

May 28, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

M-Pesa Holding Company Now 100% Safaricom-Owned

Sakwa Kombo by Sakwa Kombo
December 17, 2024
in News
Reading Time: 2 mins read
255
0

Safaricom has fully bought M-Pesa Holding Company Limited (MHCL) from the British multinational Vodafone International Holdings BV. The share purchase agreement has led to the transfer of 100% shareholding in M-PESA Holding from Vodafone BV to Safaricom.

As announced earlier in the year, Safaricom paid a token fee of $1. After receiving approval from shareholders and the relevant regulators, the deal was sealed. For Vodafone BV, there were no significant financial gains or losses upon disposal of its shares.

Previously, Vodafone BV was the top shareholder. This share transfer agreement came after Vodafone CEO Margherita Della Valle said the company was looking to simplify its business model saying the company is “cutting out complexity to regain our competitiveness”.

M-PESA Holding is the corporate trustee responsible for holding M-PESA funds under the M-PESA trust arrangement. Notably, it does not own M-Pesa. The company acts as the independent trustee for M-Pesa customers, independently administering the trust and holding all funds in the mobile money service.

The purchase will not only enhance Safaricom’s cash flows. It is an opportunity to generate interest income should Safaricom choose to invest M-Pesa user deposits in short-term securities. In the financial year ending March 2023, M-Pesa Holding had short-term investments adding up to Ksh185.3 billion.

The National Payment System Regulations, 2014 give room for the creation of a trust to manage funds held by a mobile money operator. As such, the trust can invest deposits it holds and generate an income.

Income from such investment should be donated to charity as previously done by Vodafone. However, the income generated can be used in any manner that aligns with the legislations of the Trust . According to the regulations, this would be subject to approval from the Central Bank of Kenya. Going forward Safaricom may take a different direction from Vodafone in terms of how its uses the profits generated.

M-Pesa Ownership

Although M-Pesa was birthed and nurtured in Kenya, its intellectual property was previously owned by the British company. Vodafone had earned license fees from the use of the service until 2020 when Kenya’s Safaricom and South Africa’s Vodacom acquired Vodafone’s stake. This acquisition reported to cost Kshs 1.3 billion helped the 2 companies make significant savings in royalties paid to Vodafone.

Since then, Safaricom and Vodacom have had full control of M-Pesa’s products and brand. The mobile money brand is currently held by the companies through M-Pesa Africa, their joint venture firm. M-Pesa Africa is registered in Kenya, with an equal ownership split, 50/50. M-Pesa is currently available in 7 markets across Africa.

Tags: SafaricomVodacomVodafone
SendShare148Tweet93
Sakwa Kombo

Sakwa Kombo

My Bio is in my written articles.

Related Posts

Kenya Safaricom share sale

Kenya Plans Mega Sale of Safaricom Shares to Raise Over a Billion Dollars

May 26, 2025
Safaricom, Airtel, Telkom lawsuit

Safaricom, Airtel, Telkom and CA Sued in Data Rollover Lawsuit

May 28, 2025
Safaricom launches revamped business loans

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

May 21, 2025
Safaricom Quickmart partnership

Safaricom 4G and 5G Routers Now Available at Quickmart Stores

May 17, 2025
Safaricom 5G for Business

How Safaricom 5G is Revolutionizing Enterprise Connectivity

May 17, 2025
Safaricom-IXAfrica-Centres-1

Safaricom Partners with iXAfrica to Build Region’s First AI-Ready Data Centre

May 17, 2025

Latest

University student fined for defamatory Facebook posts

University Student Fined KES 7.5 Million for Defamatory Facebook Posts

May 29, 2025
AI Africa policies database

New Platform Brings All African AI Policies Under One Database

May 28, 2025
POATE 2025

Kenya’s Tourism Sector Grows as Travel Gets Easier Across East Africa

May 28, 2025
sodium-ion battery

Researchers Develop Sodium-Ion Battery That Charges to 80% in 6 Minutes

May 27, 2025
TV Gambling Ads

Regulator Fines Stations Using Religious Shows to Push Gambling

May 27, 2025
Connected Africa Summit 2025

Connected Africa 2025 Day 2: Focus on Digital Inclusion & Cybersecurity

May 27, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

University Student Fined KES 7.5 Million for Defamatory Facebook Posts

May 29, 2025

New Platform Brings All African AI Policies Under One Database

May 28, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

iPad Users May Finally Get a Native WhatsApp App

Connected Africa Summit Calls for Unified Tech Vision

Kenya Plans Mega Sale of Safaricom Shares to Raise Over a Billion Dollars

Safaricom, Airtel, Telkom and CA Sued in Data Rollover Lawsuit

New Bill Wants to Meter and Monitor How You Use the Internet

Veo 3 by Google Sets a New Standard in AI Video Creation

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.