Sitoyo Lopokoiyit has returned to Safaricom PLC as the Director for Financial Services effective 1st of March 2018 after 2 years of being away from the telecommunication company in Kenya.
“I am pleased to announce that Sitoyo Lopokoiyit will be coming back to Safaricom as Director Financial Services effective 1st of March 2018,” read a statement from CEO Safaricom.
For the last two and half years, Sitoyo had been on assignment to Vodacom Tanzania PLC as the M-Commerce Director and during his time at Vodacom, he oversaw the delivery of a transformative M-PESA agenda with key highlights being that he led an aggressive turnaround strategy which resulted in an accelerated growth of M-PESA in Vodacom Tanzania.
Sitoyo first joined Safaricom in July 2011 as Head of M-PESA Strategy and Business Development, a role he held until September 2015 after which he moved to Vodacom Tanzania as Director M-Commerce.
While there, he was also a Vodacom Foundation Board Member and part of the EXCO team that handled the various challenges in the market successfully. Today, M-PESA in Tanzania is the market leader in all aspects and contributes 30% of Vodacom Tanzania PLC revenue.