What Vodacom’s Ksh204B Safaricom deal means for CEO, Board and govt control
This story has significance for readers across Kenya and beyond.
Vodacom’s Ksh204 billion acquisition of a 15 per cent stake in Safaricom has fundamentally changed who controls Kenya’s biggest telecommunications company, giving the South African group greater influence over the board and the appointment of the chief executive. The transaction increased Vodacom’s stake in Safaricom to 55 per cent after it acquired the government’s 15 […]
Reporting originally appeared via People Daily. Read the full source for additional context.