INTERNATIONAL - The interim chief of Kenya’s top telecoms operator Safaricom said on Wednesday he would focus on expanding the firm’s mobile financial services business M-Pesa beyond Kenya.
Michael Joseph took over the helm of East Africa’s most profitable company, which is partly held by South Africa’s Vodacom and Britain’s Vodafone, this month after the death of long-serving boss Bob Collymore.
“I’m particularly keen to work closely with the team to take M-Pesa beyond Kenya,” Joseph said in a statement, adding he would lead the company while the board found a permanent chief.
Joseph, who is a board member, served as the chief until 2010, when Collymore took over.
M-Pesa, which allows users to send money, borrow, save and pay bills even on a basic mobile handset, has been the key driver of the company’s profit growth in recent years, helping pick up the slack in data and voice revenue streams.