Categories: Politics

Kenya loses control as SA’s Vodacom wins Safaricom CEO post

Kenya government’s shareholding in Safaricom has been reduced to 20 per cent, while public investors retain 25 per cent. [File, Standard]

Vodafone Kenya, a subsidiary of South Africa’s Vodacom Group, will gain the power to nominate Safaricom’s next chief executive, but the board must ensure a “predominantly Kenyan character” in senior management, under governance changes set for a shareholder vote later this month.

The new rules mark the end of an era following the completion of a Sh244.2 billion stake sale that handed majority control to the South African telecoms giant.

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Black Hot Fire Network Team

BHFN Editorial Team covers breaking news, culture, and global developments impacting Black America, Africa, Kenya, and the African diaspora. Focused on timely reporting and community-driven perspectives, the team delivers news, analysis, and stories that inform, connect, and amplify diverse voices.

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