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History as Kenyans take full control of Safaricom

Safaricom's new Board Chairman John Ngumi.

Safaricom's new Board Chairman John Ngumi gestures during the interview at his office in Westlands on June 28, 2022. 
 

Photo credit: Francis Nderitu | Nation Media Group

What you need to know:

  • John Ngumi was appointed the company’s board chairman, replacing Michael Joseph who served in the role for two years.
  • Mr Ngumi and Mr Ndegwa are now expected to lead the company going forward, including in executing its strategic investments such as expansion to Ethiopia and innovation of new services

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For the first time, Safaricom has locals at the helm of its leadership after John Ngumi was appointed the company’s board chairman, replacing Michael Joseph who served in the role for two years.

The appointment of Mr Ngumi, a seasoned director at private and public enterprises, was announced to Safaricom shareholders during the company’s Annual General Meeting (AGM) yesterday. The appointment takes effect on August 1, 2022.