WPP ScanGroup Restructures Board in Shadow of Shareholder Uproar
NAIROBI, Kenya,May 18-WPP Scangroup has reshuffled its board, appointing three new non-executive directors while three others exit, in a move unfolding Kenya breaking news | Kenya news today |..
✨ Key Highlights
WPP Scangroup has restructured its board, appointing three new non-executive directors and seeing three depart, amid significant shareholder pressure due to declining performance and investor value.
- WPP Scangroup reported a 16.3% drop in revenue to Sh2.04 billion and a net loss of Sh714 million in 2025.
- The restructuring occurs as a shareholder group, led by former CEO Bharat Thakrar, seeks a general meeting to overhaul the board.
- Share prices have fallen by approximately 62% since February 18, 2021.
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WPP ScanGroup Restructures Board After Shareholder Pressure - May 2026
WPP Scangroup has restructured its board by appointing three new non-executive directors and seeing three depart, amid significant shareholder pressure due to declining performance and investor value. Simultaneously, Kenya's creator economy is transitioning into a formal business sector but faces challenges from underdeveloped monetisation infrastructure and support systems. Additionally, Kenyan blockchain and fintech industry players are concerned that proposed regulations and taxes in the Finance Bill 2026 and draft VASP Regulations might favour large foreign companies over local startups, adding to the complex business environment.
