Kenyan Wall Street | by Jackson Okoth
Safaricom Plc, Kenya’s leading mobile firm, is looking for partnerships with fund managers and investment banks as it seeks to become a fully-fledged financial services provider.
“Safaricom Plc is in negotiations with fund managers, investment banks and insurance companies to partner on a raft of mobile phone-based savings and wealth-management products,” said Peter Ndegwa, Safaricom’s CEO, in an interview in Nairobi.
He told Bloomberg that the firm would seek approval from the Central Bank of Kenya(CBK) for the products over…
