Safaricom's board will ask shareholders to approve a special resolution aimed at restricting the telco's expansion into new markets.
By
Dominic Omondi
Business Reporter
Nation Media Group
The Kenyan government will have the final say on Safaricom's expansion beyond Kenya and Ethiopia, giving the State significant control over the company's future entry into new markets, which could require substantial capital expenditure.
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Safaricom will ask shareholders to approve a governance overhaul that would give the majority shareholder, Vodafone Kenya, the…
Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next CEO, under…
Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next CEO, under…
Vodafone Group, which owns 65 percent of Vodacom, has committed to influence the pick of a chair who will be Kenyan.
Safaricom plans to bar the use of retained earnings for share buybacks under proposed changes to its articles of association that…
The deal has dragged on, putting the State in line to receive a Sh16 billion dividend from the 15 percent stake if Kenya remains…
