Kenya’s biggest telco Safaricom has secured an insurance licence from the Insurance Regulatory Authority (IRA), ending a four-year wait. The company will now offer insurance services to its M-Pesa users with a new product, Bima, its CEO Peter Ndegwa said during Thursday’s H1 2024 earnings call.
The new product aligns with the telco’s strategy to broaden M-Pesa into a financial service…
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