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Originally published by Nation Business
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business
July 8, 2026
2h ago

Safaricom shareholders to vote on Vodafone Kenya's power to pick CEO

Safaricom shareholders to vote on Vodafone Kenya's power to pick CEO

While Vodafone gains major leverage, the Kenyan government retains vital checks...

✨ Key Highlights

Safaricom shareholders are set to vote on a proposal that would grant Vodafone Kenya the power to nominate the company's Chief Executive Officer following Vodacom's acquisition of a majority stake.

  • Vodacom now holds 55% of Safaricom shares after purchasing Kenya's 15% stake for approximately $1.6 billion (Sh206.88 billion).
  • The vote will occur at the upcoming Annual General Meeting on July 31.
  • The proposed changes also stipulate that Vodafone Kenya and the Kenyan government can appoint directors based on their shareholding percentages.

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