Safaricom Ltd is the latest company to comply with the law requiring firms that are both limited and public companies to change their names to reflect their true status. According to Section 53 of the Companies Act, such companies may only be registered as public limited companies.
Consequently, the company has issued a public notice indicating it would henceforth be known as Safaricom Public Limited Company or Safaricom PLC.
However, the change of name does not affect contractual relations and obligations entered into prior to the new development.
“All contractual relationships and obligations that the company has with its customers, partners and other stakeholders are not affected by this change of name,” Company Secretary Kathryne Maundu said in the notice.
Here is the notice: