Tuesday
April 30
2019

Safaricom CEO to Leave as Row Erupts Over Successor: Sources

By Duncan Miriri

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be succeeded by a Kenyan has delayed announcing a replacement, two company sources said.

Bob Collymore has helped to build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources told Reuters.

Photo courtesy of Denis Mukundi / World Bank.

Source: Reuters (link opens in a new window)

Categories
Finance
Tags
business, emerging markets, Safaricom, telecommunications