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Safaricom CEO Defends Company’s Dominance As He Returns To Work

Safaricom CEO Defends Company’s Dominance As He Returns To Work

Kenya’s dominant telecoms operator Safaricom does not hinder competition, its chief executive Bob Collymore told lawmakers on Monday as he returned to work after a nine-month absence for medical treatment. The country’s industry regulator recommended in a draft proposal in May that Safaricom, which controls 67 percent of Kenya’s mobile market, should offer rivals access […]

Safaricom Unveils Plan To Empower Business Women

Safaricom Unveils Plan To Empower Business Women

As the world marked the International Women’s Day this week under the theme “Press For Progress”, with a call to close the gender parity gap, corporate Kenya committed to gender-equality goals. Among the companies that launched initiatives to mark the day is Safaricom, which unveiled a plan to empower women in business to do more […]

Vodafone’s South African arm Vodacom takes over $2.6 bln stake in Kenya’s Safaricom

Vodafone’s South African arm Vodacom takes over $2.6 bln stake in Kenya’s Safaricom

UK-based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya’s Safaricom to majority-owned South African subsidiary Vodacom. The 34.6 billion-rand ($2.6 billion) deal, structured as an acquisition of the stake by Vodacom in return for new shares, is the latest move […]