Airtel money to operate under Airtel Money Kenya Limited (AMKL)

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    The Central Bank of Kenya on Tuesday announced the separation and transfer of Airtel money from mobile service provider Airtel.

    In a statement, the CBK said separation began in 2019 and Airtel money will now operate under Airtel Money Kenya Limited (AMKL).

    The separation means AMKL AND ANKL will operate as subsidiaries of Airtel Africa.

    The companies previously operated as one entity that provided both mobile money and telecommunication services, which will no longer be the case.

    SOURCEThe Star
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