Tag: Safariccom PLC
The Capital Markets Authority (CMA) has licensed two intermediary service platform providers and a dealing online forex broker. In a public notice released on December 22nd, 2025, CMA announced the approval of Safaricom PLC, Airtel Money Kenya Limited to operate as Intermediary Service Platform Providers (ISPPs). CMA also said they licensed Kenya Securities Limited to […]
Treasury Cabinet Secretary, John Mbadi, has defended the government’s plan to sell part of its Safaricom shares, saying the move is aimed at unlocking resources for long-term national infrastructure projects rather than filling budget gaps. “We are at a point in this country where we still need infrastructural development. That’s a fact,” Mbadi said, insisting […]
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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