Safaricom shareholders back changes as State cedes control

Safaricom shareholders have approved landmark governance changes that formalise the end of State dominance in East Africa's most profitable company...

✨ Key Highlights

Safaricom shareholders have approved significant governance changes, marking the end of direct State dominance in the company, and backed a record dividend payment.

A record Sh80.13 billion dividend will be paid to shareholders.
The changes were approved at the company's 18th Annual General Meeting on Friday.
This formalises the shift in control away from the government, benefiting the National Treasury.

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