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Safaricom Names Boniface Mungania Permanent CFO and M-PESA Lead

Unverified — auto-generated summary, not yet reviewedMobile, Telecom & ConnectivityKenyaNov 7, 2026

Safaricom has confirmed Boniface Mungania as its permanent Chief Financial Officer and head of M-PESA, ending an extended period of acting appointments in a key leadership role at East Africa's largest telecoms operator.

3 sources

Safaricom names Boniface Mungania as CFO · thecondia.com · T2
Mungania Lands M-PESA Job He Has Twice Held In An Acting Capacity · cioafrica.co · T2
Safaricom confirms Mungania as M-PESA boss after Waititu exit · techtrendske.co.ke · T2

Story timeline · 5 entries

Nov 7, 2026
Half of M-PESA Transactions Fee-Free
New data confirms over half of M-PESA transactions are now fee-free, adding granularity to the monetisation trade-off at the heart of Safaricom's volume-first strategy.
Nov 7, 2026This story
Safaricom Confirms Mungania as CFO
Safaricom confirms Mungania as permanent CFO and M-PESA head, ending months of uncertainty at East Africa's most-watched telco.
Nov 6, 2026✦ Take
M-PESA Hits $770M Revenue
HY2027 results confirm M-PESA revenue at $770 million with financial services up 55%, Fuliza generating $38M, and transactions up 48% against 13.6% revenue growth
Nov 5, 2026
M-PESA's KES478bn Social Value
Safaricom releases FY26 M-PESA social value figure of KES478 billion, adding a quantified impact metric to the previously reported strategic pivot toward wealth management and SuperApp.
Nov 2, 2026✦ Take
M-Pesa Eyes Wealth, SuperApp
Safaricom CEO Peter Ndegwa has outlined a strategy to evolve M-Pesa beyond mobile payments into wealth management and a unified OneApp platform, signalling a major strategic shift for Africa's largest mobile money operator. The pivot positions Safaricom as a full financial services platform rather than a payments utility.