M-Pesa not for sale yet, says Vodacom Group
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Nairobi, Nov. 16 -- South Africa's telecoms operator Vodacom Group says it is not yet ready to sell part of its stake in mobile money platform M-Pesa, as rivals make moves to monetise their financial services.
Airtel Africa was the first to sell minority stakes in its continental financial service in 2021 through its subsidiary Airtel Mobile Commerce BV.
MTN Group announced in August that it intends to sell a minority stake in its mobile money arm to payments firm Mastercard.
Vodacom, which owns a 35 percent stake in Safaricom, says the M-Pesa businesses in multiple countries are packaged independently for a potential sale except for Kenya. The multinational added that the focus now is on growing the business.
Read: Safaricom buys M-P...
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