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Originally published by The Standard Business
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July 8, 2026
4h ago

SA's Vodacom wins Safaricom CEO post as State loses control

SA's Vodacom wins Safaricom CEO post as State loses control

Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next CEO, under governance changes set for a shareholder vote later this month...

✨ Key Highlights

South Africa's Vodacom Group, through Vodafone Kenya, is set to gain the power to nominate Safaricom's next chief executive following a significant stake sale.

  • Vodafone Kenya will now nominate Safaricom's Chief Executive.
  • The Kenyan government's shareholding in Safaricom has decreased to 20%.
  • Governance changes, pending a shareholder vote, also mandate a "predominantly Kenyan character" in senior management.

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