Browsing: Safaricom

Vodacom has lost one of its top executives to Kenya’s Safaricom. The JSE-listed cellular group announced after the markets closed on Thursday evening that its chief officer for corporate affairs, Bob Collymore, was leaving to take over as CEO of Safaricom. Collymore, previously a Vodafone executive, will join Safaricom in September. Both Vodacom and Safaricom have significant shareholding from the UK’s Vodafone. Like Vodacom in SA, Safaricom is Kenya’s largest mobile operator.

Nigeria has emerged as the shining star in MTN’s latest set of results, overtaking SA as the largest contributor to the company’s revenue in the six months to June. At the same time, the operations in Nigeria, which were considered by many investors