NAIROBI, Kenya, Mar 4 – Safaricom has announced a new service dubbed M-PESA SurePay that will allow organisations to track funds sent to beneficiaries via its mobile money solution M-PESA.
The solution is a closed loop payment system designed for corporate and Public Benefit Organisations (PBO’s) which disburse funds directly to beneficiaries. The solution will allow for the funding organization to place restrictions to be placed on where the money is spent.

Safaricom Financial Services General Manager Betty Mwangi said the solution will also allow fund managers to trace the entire value chain right from disbursement to expenditure of the funds.

Among the beneficiaries of the solution include the World Food Programme (WFP) who are using M-PESA SurePay to send food vouchers to beneficiaries in five food-scarce counties around the country.

WFP will now able to ensure that the cash sent to the beneficiaries is only used to pay for food and is also able to monitor how much is left as a balance as well as ensure it is spent in designated stores.

SAFARICOM LIMITED - CHANGE IN THE BOARD OF DIRECTORS

We write to inform you that at the meeting of the Board of Directors of
Safaricom Limited held today, 6 March 2015, the Board appointed Mr Gianluca
Ventura as a Director of the Company in place of Mr Sunil Sood.