Michael Joseph ranked third in Business Insider 100 – The Creators’ list


Vodafone’s Director of Mobile Money and former Safaricom CEO Michael Joseph has been ranked third in the maiden edition of the ‘Business Insider 100: The Creators’ list.

The ranking identifies business leaders who have harnessed the power of entrepreneurship to enhance the lives of their respective communities and stakeholders.

Facebook founder Mark Zuckerberg and Starbucks Chairman and CEO Howard Schultz were ranked in first and second position respectively.

Other stars who appear in the list include Berkshire Hathaway Chairman Warren Buffet, M-Kopa CEO Jesse Moore, Apple CEO Tim Cook and Virgin Group Founder Richard Branson.

Former Safaricom CEO Michael Joseph was awarded for his efforts in the development of the mobile money transfer and payment service Mpesa, which has transformed the lives of millions of people in developing markets.

MPesa was created as a secure micro-finance solution for Kenya’s large non-banking population. The platform helps Kenyans send and receive money and also pay for goods and services. The Mpesa service has also created over 100,000 Mpesa agents in the country where mobile subscribers can withdraw or deposit cash in their accounts.

Mpesa currently has over 16.6 million Kenyan subscribers. The value of transactions in the third quarter of 2015/16 amounted to Sh764 billion.

Mpesa has been simulated in several countries including Philippines, Pakistan, Bangladesh and Afghanistan.