Kenyan parliament pushes for Safaricom, M-PESA split
- Revival of the 2022 Information and Communications (Amendment) Bill in Kenya.
- Proposed split of Safaricom from its mobile money unit, M-PESA.
- M-PESA had 31.3 million active users and processed over $312 billion in transactions.
The ongoing debate around the separation of Safaricom and M-PESA raises significant concerns about market regulation and the potential impact on shareholder value. While the intention behind the split may be to enhance competition and oversight, the financial implications for Safaricom could be detrimental, especially in light of the substantial tax liabilities that may arise. This situation warrants further discussion on the balance between regulatory oversight and business viability.
