The Central Bank of Kenya has announced the successful separation of the mobile money business from the telecommunications business, which was previously under Airtel Networks Kenya Limited.
The CBK licensed Airtel Money Kenya Limited as a payment service provider on January 21, 2022, and also granted a transition period to complete the transfer.
AMKL and ANKL are now separate subsidiaries of Airtel Africa Plc, which has operations in 14 African countries and is listed on the London Stock Exchange.
Airtel’s goal is to make its money arm lighter so as to accelerate its growth, strengthen its operations, and offer better services to its customers.