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Originally published by The Standard Business
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July 9, 2026
3h ago

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

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

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 will soon have the power to nominate Safaricom's next chief executive following a significant stake sale, marking a shift in control for the Kenyan telecommunications giant.

  • Vodacom Group now holds majority control after a Sh244.2 billion stake sale.
  • The Kenyan government's shareholding in Safaricom has been reduced to 20 percent.
  • New governance changes require the board to ensure a "predominantly Kenyan character" in senior management, set for shareholder vote later this month.

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