Tag: Peter Ndegwa
Safaricom half year profit strong performance comes on the backdrop of a price reduction in Kenya business allowing customers to do more for less.
Safaricom today launched Safaricom Hook, a new platform that seeks to empower the youth by leveraging the power of technology.
Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda.
Safaricom shareholders have approved a final dividend of Ksh0.62 per ordinary share with the dividend payout amounting to Ksh24.84 billion.
Safaricom shareholders have approved two new subsidiaries, one dedicated to investing in seed-stage and another in growth-stage start-ups.
Safaricom is back to the drawing board to find a substantive leader for its Ethiopian subsidiary after it emerged the current CEO, Mr Anwar Soussa, will be exiting at the end of July this year.
From an all-time high of Ksh44.95 per share in mid-2021, the stock has been on a steady downward spiral and touched Ksh13.00 per share on May 15.
"This year, we all experienced tough headwinds, including high inflation, a depreciating shilling, severe drought, and failed rain seasons among others," noted Safaricom CEO Peter Ndegwa, alluding to the larger macro-economic downturn in Kenya.
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