BitPesa Board Member Quits to Hold a Government Appointment

News and Analysis

According to Nairobi technology news service TechMoran, former local Google executive Joe Mucheru, has quit Kenyan BitPesa’s managing board in order to hold a government appointment. Seeking to settle all possible conflicts of interest due to his new position in the Ministry of Information, Communications and Technology, he divests his shares in a bidding process.

BitPesa is a renowned African bitcoin remittance startup which has raised over $1 million last year. The service uses mobile networks to serve customers in several African countries, includinh Kenya, Nigeria, Tanzania, and Uganda.

TechMoran quotes Mr. Mucheru saying:

“I’ve formally resigned from the board of BitPesa and I’ve put my shares on sale. The process is ongoing.”

BitPesa co-founder and CEO Elizabeth Rossielo commented Mucheru’s departure to publication CoinDesk:

“Joe Mucheru has been an essential part of BitPesa’s story from the beginning and we wish him all the very best on this next stage in his career.”

Mucheru has been assigned to the position last November.

Meanwhile, BitPesa is in the middle of legal proceedings around the dispute between local remittance network M-Pesa’s operator Safaricom and a Kenyan payments gateway Lipisha. The dispute arose on the grounds of ambiguous legal status of bitcoin, which caused M-Pesa to restrict access to Lipisha and, consequentially, BitPesa.

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