Safaricom chief executive Peter Ndegwa raised the number of shares he holds in the company sevenfold to 6.21 million in the year ending March 2024 from 895,500 a year earlier, the firm’s latest disclosures show.
Mr Ndegwa, who was appointed as Safaricom CEO in April 2020, had seen his stake in the company remain unchanged at 895,000 shares since 2021, when the annual report records show that the units were acquired.
