Kenya's Safaricom might have to spin off M-PESA, the world's largest mobile money business

The Kenyan government is introducing new regulations this week in parliament that could lead to the break-up of Safaricom, the country’s leading telecom company.

Fred Matiang’i, the cabinet secretary at the Ministry of Information, suggested that this is part of an effort to protect against monopolies. “Telecommunication firms need to be regulated to ensure some players are not strangled,” he said.

Safaricom, partly owned by the British mobile firm Vodafone, currently has more than 60% of Kenya’s 33 million mobile users.

Read more: Kenya’s Safaricom might have to spin off M-Pesa, the world’s largest mobile money business – Quartz