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Vodafone Idea tumbles another 20% as company struggles to raise fresh funds
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More trouble for Vodafone Idea as Kumar Mangalam Birla steps down as non-executive chairman
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Safaricom pays firm Sh1.4bn for M-Pesa technical support
Summary
Safaricom owed M-Pesa Africa a balance of Sh185.5 million by the end of the financial year, bringing the total fees in the period to Sh1.6 billion.
The Nairobi Securities Exchange-listed firm previously paid undisclosed M-Pesa licence fees to UK-based Vodafone Plc which sold the mobile money brand to M-Pesa Africa.
Monday July 12 2021
Summary
Safaricom owed M-Pesa Africa a balance of Sh185.5 million by the end of the financial year, bringing the total fees in the period to Sh1.6 billion.
The Nairobi Securities Exchange-listed firm previously paid undisclosed M-Pesa licence fees to UK-based Vodafone Plc which sold the mobile money brand to M-Pesa Africa.