Kenya Yet to Engage Safaricom Board on Splitting Firm, CEO Says
The Kenyan government has not yet engaged with the Safaricom Plc board regarding a potential plan to split the company into three separate firms, according to CEO Peter Ndegwa. Safaricom is Kenya's largest company, and the government's plans to restructure the business have not been officially communicated to the board. Ndegwa stated that the company remains focused on its operations and serving its customers, and any potential changes would require a consultative process with the board and other stakeholders. The article does not provide further details on the government's motivations or the proposed split, but emphasizes that Safaricom has not received any formal communication about the matter from the Kenyan authorities.
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