Kenyans take the reins in top firms
Thursday December 24 2020
Mr Allan Kilavuka (left) was confirmed as Kenya Airways CEO after Sebastian Mikosz resigned. Ms Jane Karuku (centre) was named EABL managing director, becoming the first Kenyan woman to lead the brewer. Mr Peter Ndegwa became the first Kenyan to lead Safaricom PLC , East Africa’s biggest company. FILE PHOTOS | NMG
By VICTOR JUMA
Summary
Some of the executive changes this year took place at the country’s biggest companies where Kenyans took the reins, breaking a long-running tradition of appointing foreigners seconded from other subsidiaries.
Some of the executive changes this year took place at the country’s biggest companies where Kenyans took the reins, breaking a long-running tradition of appointing foreigners seconded from other subsidiaries.
Safaricom group taps Sh55bn loan for Ethiopia entry
Monday December 21 2020
By VICTOR JUMA
Summary
Safaricom and its parent companies Vodafone Group Plc and Vodacom Group Limited have formed a joint venture – Global Partnership for Ethiopia through which they are bidding for one of two telecommunications licences being auctioned in that country.
The financial investment in Ethiopia is expected to top the $1 billion (Sh111 billion) mark, with the DFC loan deal seen as part of the project’s fundraising efforts.
Safaricom had earlier said it was ready to take more debt in its role as the majority shareholder of the consortium with a 51 percent stake.