IN BRIEF:

Mergers, Acquisitions and Financial Results

- In a report entitled the Transformational Potential of M-Transactions, Vodafone argues for new rules to ease money transfers by mobile phones in Kenya.  Kenya's Safaricom, in which Vodafone has a 40 per cent share, was the first mobile service provider in the world to introduce money transfer services under the M-Pesa brand. In just three months, the service reportedly managed to help clients transfer Ksh500 million ($7.4 million), mostly in amounts of less than $75 per transaction, across the length and breadth of the country.