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Kenya Vodacom and Safaricom acquire M-Pesa

Kenyan operator Safaricom and his South African counterpart Vodacom announced on April 6 the acquisition of the M-Pesa mobile money platform from Britain’s Vodafone. In a joint statement, the two operators said: “The acquisition of the M-Pesa brand, product development and support services from Vodafone was carried out through a newly created joint venture”, according to a information relayed by Financial Afrik.

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