Safaricom Plans M-Pesa Entry in New African Market by April
- Company seeks mergers and acquisitions skills for transaction
- M-Pesa mobile-money service available in seven African states
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East Africa’s biggest company by market value plans to introduce its M-Pesa mobile-money service in at least one other country by the end of its financial year in March.
Safaricom Plc. intends to recruit people with mergers and acquisitions skills for the transaction so the company can “push the agenda a little bit faster,” Chief Executive Officer Bob Collymore said in an interview in the Kenyan capital, Nairobi, after announcing a 20 percent increase in first-half profit.