Sitoyo Lopokoiyit, Managing Director, M-PESA Africa

Sitoyo Lopokoiyit is the MD of M-PESA Africa, which develops, drives partnerships and growth, and supports the M-PESA platform.

M-PESA is Africa’s largest fintech providing transformational financial services to more than 56 million active customers, 730,000 businesses across seven African markets including Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ethiopia, Ghana and Egypt.  

He is a passionate, energetic, and easy-going leader. Prior to his current position, Sitoyo held executive leadership roles at Safaricom 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.

He is also the Chairman of M-PESA Limited (Tanzania), the Moi University Teaching and Referral Hospital, KCA University Council, and is a board member of the Central Depository & Settlement Corporation Limited (CDSC).