Safaricom shareholding change won't alter governance - Ndegwa

Safaricom has moved to allay fears on its structure if the partial divestiture by government is approved, saying that it will still remain a Kenyan-run company...

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Safaricom CEO Peter Ndegwa has reassured stakeholders that potential government divestiture will not alter the company's governance, ensuring it remains a Kenyan-run entity. This statement addresses concerns about the impact of partial government shareholding changes on the telecommunication giant's structure.

Peter Ndegwa, Safaricom CEO, stated that governance will not change despite potential government divestiture.
The company will remain a Kenyan-run organization.
The statement was made ahead of a meeting with the Departmental Committee on Finance and National Planning on January 19, 2025.

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