The Vodacom Group, South Africa’s telecommunications group, has formally assumed majority ownership of Safaricom after buying out a stake worth Ksh 244.5 billion ($2.1 billion), taking its effective ownership to 55%, the largest ownership change in the telecommunications giant’s history. The acquisition transaction, which took place on June 30, 2026, was preceded by months of
M-PESA, Safaricom’s flagship mobile money platform, is now processing approximately Ksh 100 billion every single day. The platform is also handling more than 500 million transactions daily, powered by an upgraded system capable of processing up to 10,000 transactions per second. Safaricom CEO Peter Ndegwa disclosed during the Connected Africa Summit held in Nairobi, where
When a subscriber of M‑PESA (operated by Safaricom) passes away without having left a clear PIN or instruction for their mobile-money account, the funds do not automatically transfer to family members or friends. Instead, the account is first frozen once Safaricom is notified of the death. If next of kin or an estate representative wishes
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