Safaricom shareholders to vote on Vodafone’s right to pick CEO

NAIROBI: Shareholders of Kenyan telecoms firm Safaricom are due to vote on whether to give Vodafone Kenya the right to nominate the company’s chief executive officer, once Vodafone holds more than 50% of Safaricom’s shares, Safaricom said on Wednesday.

Vodacom , which ‌already owned ⁠39.9% of Safaricom ⁠through Vodafone Kenya, agreed in December to buy Kenya’s 15% stake for about $1.6 billion, a deal that lifted its holding to 55%, while the Kenyan government’s stake fell to 20%.