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Former Safaricom boss sells 21 per cent stake in telco

Safaricom outgoing chairman Nicholas Nganga. [David Njaaga, Standard]

Safaricom outgoing board chairman Nicholas Nganga reduced his shareholding in the telco by 21 per cent in the last financial year.

Data from the company’s annual report for the year ended March 2020 indicates Nganga, who retired from his position last week, sold 185,900 shares of the 855,100 he owned. 

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