Safaricom hires Citi Bank MD in acquisitions and mergers chase

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Mr Michael Mutiga. FILE PHOTO | NMG

Safaricom #ticker:SCOM has hired the managing director of Citi Bank to be in charge of strategy and acquisitions, underlining the telco’s quest to get a larger share of the financial services market.

Mr Michael Mutiga who is Citi’s managing director and head of corporate finance for sub-Saharan Africa from 2019 will be the new chief business development and strategy officer according to an internal memo seen by Business Daily.

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