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Bumpy road as Safaricom seeks regional expansion

Safaricom Chief Executive Bob Collymore. [File, Standard]

Safaricom last week held its annual general meeting and for the first time in a long while. Shareholders were presented with the option of voting on amending the company’s Article of Association to reflect recent developments at the top shareholding.

The changes allowed Safaricom’s parent company Vodafone Group to consolidate 35 per cent of its shareholding previously held in Safaricom under its South African subsidiary, Vodacom Group.

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