South Africa’s Vodacom will determine Safaricom’s next CEO if it acquires a majority stake in the telecom by purchasing the Kenyan Government’s 15 percent stake, under an agreement that will make Safaricom a subsidiary of Vodafone Group.
Disclosures by Vodafone Group—Vodacom’s parent company—show that Safaricom’s board would be required to appoint the chief executive from a list of nominees provided by Vodafone Kenya Limited (VKL), potentially returning the era of expatriate CEO at the Kenyan telco.
