Chairman - University Council
Sitoyo Lopokoiyit is the Chief Executive Officer of M-PESA Africa, which develops products and services that drive Financial Inclusion, Partnerships and Technology across Africa and the rest of the world. He supports the M-Pesa Platform development with continuous innovation and oversees the growth of M-Pesa.
M-PESA is Africa’s largest fintech providing transformational financial services to more than 60 million active customers and over $1.1 billion transacted daily with a revenue of $1.5billion, 5 million businesses across eight African markets including Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho and Ethiopia.
He is a passionate, energetic, and easy-going leader. Prior to his current position, Sitoyo held executive leadership roles at Safaricom Plc in Kenya and Vodacom in Tanzania, overseeing M-PESA in both countries where he delivered major innovations that revolutionised the global money space and drove financial inclusion.
In Kenya, he led M-PESA to achieve double digit growth at over 19% year-on-year, delivering revenues of over $700 million and major innovations including the M-PESA Super App, Fuliza – the world’s first mobile contextual overdraft, M-Shwari – a savings and loans proposition, M-PESA Global – an affordable remittance solution across 200 markets including partnerships with PayPal and Ali Express.
In Tanzania, he drove the growth and uptake of M-PESA, becoming the second largest market in Africa behind Kenya.
In addition to the above role, Sitoyo also holds various Executive positions and contributed in the Public Sector as indicated below:
