Kenya’s telecommunications service behemoth, Safaricom, now controls 50 percent of all cash Kenyans abroad send home through its M-pesa Global which cumulatively, amounted to Kes 284 billion between April last year and March this year.
According to the Safaricom Sustainability Business Report 2020 which covers the period between 1st April 2019 and 31st March 2020, M-pesa Global registered a 12.1 percent growth in the period where M-pesa transactional value topped Kes 13.9 trillion after registering a growth of 18.4 percent during the period.
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