Safaricom CEO to leave as row erupts over successor

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Bob Collymore, who helped to build Safaricom into East Africa's most profitable company, is said to be leaving due to poor health

Chief executive of Kenyan's telecom operator Safaricom, Robert Collymore speaks during a Reuters interview at their headquarters in Nairobi, Kenya, on January 27, 2017. File photo: REUTERS/THOMAS MUKOYA

However, he took a nine-month medical leave in late 2017 to return to his native England to battle cancer, and has now indicated he wants to step down, the sources said. “I have every confidence that whether I’m here or not, that this company will run. This is an institution. It is not a company which is just ran by a single person,” he said.

The board interviewed candidates, including a senior Kenyan banking executive, before settling on an unidentified foreign national from within the Vodafone group to succeed Collymore, one of the sources said. Joe Mucheru, the minister for information communication & technology, said there had been no formal communication from the company on Collymore’s successor.

 

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'Safaricom, which is 35% owned by SA’s Vodacom, controls about 62% of Kenya’s mobile market, with 30-million subscribers. Britain's Vodafone has a 5% stake and the Kenyan government 35%.'

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