Sitoyo Lopokoiyit was recently appointed as the M-Pesa Africa Managing Director (MD), to take charge of New Business Ventures, Product Management & Development for both Consumer and Enterprise across the continent.
Meanwhile, he will continue discharging the functions of the chief financial services office pending the appointment of his heir as the Financial Services leader.
Safaricom CEO, Peter Ndegwa, said Safaricom will initiate the relevant talent sourcing processes to identify and appoint the next Financial Services leaders in due course.
Lopokoiyit joined Safaricom PLC in 2018, having previously served as M-Commerce Director at Vodacom Tanzania PLC Ltd from October 2015.
During his time at Vodacom, he oversaw the delivery of several transformative products and services; led the turnaround strategy and execution for M-Pesa which has resulted in the accelerated growth of M-Pesa in Tanzania. Prior to joining Vodacom Tanzania PLC, he was the Head M-Pesa Strategy and Business Development at Safaricom.
He has over 10 years of senior managerial experience from different fields; oil and gas (Chevron and Total Kenya Ltd) and in the Retail industry with Uchumi supermarkets in Kenya. He has worked extensively in the East Africa Region as well as in Mauritius and Reunion.
Sitoyo holds a Bachelor of Commerce (Hons) Degree in Marketing from the University of Nairobi with an MSc in Information Technology Management and Organizational Change from Lancaster University in the UK.