The first Kenyan CEO of Safaricom takes over at the head of the emblematic Safaricom made famous by the M-Pesa. Appointed on 24 October 2019 by Safaricom’s board of directors, Kenya’s Peter Ndegwa officially took up his duties on 1 April 2020 as Safaricom’s new CEO. Peter Ndegwa, 51, succeeds Bob Collymore, who died in 2019 after a two-year battle with cancer. His appointment comes at a time when Kenya is grappling with the global Covid-19 pandemic. Ndegwa, who remains positive about his new role, believes that it is in the most difficult times that the greatest leaders emerge. He said in an interview with Daily Nation ”he is eager to guide Safaricom through this period and help chart its future given the decline of traditional sources of income such as voice”.
”Safaricom is more than just a telecommunications company,” Ndegwa said. ”It’s time to serve my country. There are two things I value most, humility and integrity. Integrity is doing what you say and humility is knowing that there is always something more to do.” According to Business Daily, Ndegwa will focus on M-Pesa, Data and even expand Safaricom’s reach in Africa. The Daily Nation says Peter Ndegwa is taking over a company that makes more than 60 billion shillings (517 million Euros) a year in profits, with revenues of more than 250 billion shillings(2,15 billion of Euros) at a time when its main profit segments are reaching maturity and plateau stages. Most Kenyans supported Safaricom’s decision to name Ndegwa – with many wishes for success tweets. Bridges Builder wishes him every success as head of Safaricom.
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