Bitcoin remittance startup BitPesa has lost one of its board members following his appointment to a government position.
Nairobi tech news site TechMoran reported today that Joe Mucheru, who previously served in a regional leadership role for Google, is stepping down from BitPesa’s board and is divesting his shares in a bid to remove any conflicts of interest in his role as head of the Kenyan Ministry of Information, Communications and Technology.
Mucheru told TechMoran:
According to the publication, Mucheru is also divesting an ownership stake in a home entertainment firm called Wananchi Group.
When reached for comment, BitPesa co-founder and CEO Elizabeth Rossielo confirmed the departure.
"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," she told CoinDesk.
, a judge ruled that the suit can move ahead months after M-Pesa cut off access to Lipisha and, as a result, BitPesa, citing the latter's work with digital currency.
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