Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

FinTech

Safaricom Set for New CEO – Report

Article Image
Safaricom CEO Bob Collymore is set to step down later this year, according to a report from Reuters, which also suggests there is tension over the plans to replace the highly successful executive.

Collymore returned to run Kenya's leading operator in the middle of 2018 following more than seven months of medical leave, but according to the Reuters report he has decided to step down in August due to ongoing health issues. (See Safaricom Reports Profit Rise as CEO Returns.)

And, according to the news agency, plans to appoint a successor have been delayed because the Kenyan government is insisting the new CEO should be Kenyan. The operator's board had apparently identified a replacement for Collymore, an "unidentified foreign national from within the Vodafone group," according to Reuters, but the government objected.

Current Safaricom CEO Bob Collymore.
Current Safaricom CEO Bob Collymore.

Saraficom issued a statement on Tuesday morning that was attributed to chairman Nicholas Nganga, but it failed to clarify the situation:

    Our attention has been drawn to the story published on April 29th, 2019 by Reuters News Agency regarding the position of Chief Executive Officer at Safaricom PLC.

    At the onset, I would like to state that the Safaricom PLC Board has not made a decision on the matter. This will be subject of deliberation by the Board and once a decision is made it will be communicated at the appropriate time.

    For clarity, the Board has in place a robust recruitment process that adheres to global best practice in identifying and appointing our senior leadership team.

    Finally, I am happy to report that the Board is encouraged by the quick recovery of Bob Collymore who remains firmly in charge and is doing a great job of leading our company and delivering on our purpose of Transforming Lives.

Safaricom, which has about 30 million customers and is the clear mobile market leader in Kenya, should act swiftly to clarify Collymore's plans and decide on a successor, as any delay will only lead to internal unrest, distract partners and provide fuel for its detractors and rivals. (See Safaricom Reports Strong Growth in Fiscal First Half.)

— Ray Le Maistre, Editor-in-Chief, Light Reading for Connecting Africa.

Innovation hub

Story

SA startup launches Life.file, the 'Dropbox for death'

A female-founded South African startup and legal technology company has launched a service called Life.file which helps people create, store and share the legal information loved ones will need when they die.

Story

Hot startup of the month: Nigeria's Gradely

Nigerian AI-based ed-tech solution Gradely is an adaptive learning app that recommends video lessons, practice questions and on-demand tutors to help students master challenging subject areas.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Research Bites: The impact of robotics on SA's automobile industry

By Bianca Ifeoma Chigbu and Fhulu Hastings Nekhwevha

This article, in collaboration with the African Journal of Science, Technology, Innovation and Development, explores the collaborative work experience of robotics and human workers in the automobile industry in South Africa.

Story

Omdia View: June 2021

By Omdia Analysts

This month, Omdia's analysts provide context and analysis about Nigeria's Twitter ban, the privatization of Ethio Telecom and Vivendi's fiber plans in Burkina Faso.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Upcoming events

Africa Tech Festival
November 8-12, 2021
Cape Town, South Africa
More Upcoming events

Flash poll

All polls

Upcoming webinars

Digital Skills Enhancing Human Capital

As nations begin to look beyond the crisis of COVID-19 to the new future of work, an opportunity to leverage this disruption as a powerful catalyst for positive change exists – one that could reshape the future and provide more accessible, fair, and impactful digital education and training.

In this webinar, we focus on how digital skills can enhance human capital and help realise the extraordinary potential of intelligent, 4IR-ready African workforces.

Key topics include:

  • Importance of having more than basic digital skills – upskilling & reskilling
  • Championing access to online educational resources – affordable and reliable internet, electricity and hardware
  • Future career options for industry specific roles: Cloud, AI, industrial IoT, big data analytics
  • Education 4.0: How updating educational curricula is key for growth
  • The importance of progressive, industry-driven educational policy frameworks

More Webinars

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up