Vodacom shakes up Safaricom board after Sh204bn share deal

 Safaricom PLC headquarters in Westlands, Nairobi.

Photo credit: File | Nation Media Group

South Africa’s Vodacom has added two directors to Safaricom's board in a shake-up that reflects its increased ownership of the Kenyan company following its acquisition of a 15 percent stake from the government.

Vodacom appointed Mariam Cassim, its chief executive for financial technology (fintech), and Matimba Mbungela, its chief human resources officer, to the board of Safaricom as non-executive directors, pushing its representation to five members.

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