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BusinessSafaricom's appointment of two senior Vodacom executives is more than a routine board refresh. It shows how the telco's new majority ownership is beginning to shape governance.
MAMBO TakeVodacom's reported 55 percent stake now comes with stronger board and executive influence over a company that carries Kenya's communications and money.
BusinessSafaricom shareholders will vote on fourteen resolutions that turn Vodafone Kenya's 55 percent stake into formal boardroom control.
BusinessKenya has received about Sh244.5 billion from the Vodacom Safaricom transaction, with the money headed into the National Infrastructure Fund.
BusinessVodacom now controls about 55% of Safaricom after completing a $2.1 billion transaction, while Kenya's government keeps a 20% stake.
