Safaricom Confirms Changes Will Not Affect Operations and It Will Remain a Kenyan Company

Safaricom has confirmed that it will remain a Kenyan company and shareholder changes will not affect their operations.

This Company’s CEO Peter Ndegwa made the announcement during Safaricom’s presentation before the Joint Parliamentary Committees on Finance & National Planning and Public Debt & Privatisation regarding consideration of Sessional Paper No. 3 of 2025 on Partial divestiture for Safaricom Plc by Government of Kenya.

Ndegwa clarified that the proposed changed affect Safaricom’s governance structure.

The CEO said any shifts in shareholding will have no impact on its day-to-day activities or service delivery.

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He affirmed that Safaricom will continue to operate fully under Kenyan law.

“It is important to state clearly that the proposed transaction does not alter Safaricom’s governance framework, regulatory oversight, or national jurisdiction,” he said.

He pointed that the company remains licensed, supervised, and regulated by Kenyan institutions, including the Communications Authority of Kenya, the Central Bank, Capital Markets Authority, the Competition Authority of Kenya, and other relevant regulators.

Further, Safaricom remains listed on the Nairobi Securities Exchange, and accountable to Kenyan enforcement mechanisms.

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He stated that the transaction involves no transfer of operational control, no reduction in regulatory authority,and no lowering of governance standards. Safaricom’s Board, executive leadership, and internal decision-making processes will remain unchanged and intact.

“There is no transfer of operational control, no dilution of regulatory authority, and no weakening of governance standards arising from this transaction. Safaricom’s Board,management structure, and decision-making frameworks remain intact,” he added.

Safaricom CEO Peter Ndegwa made the announcement during Safaricom’s presentation before the Joint Parliamentary Committees on Finance & National Planning and Public Debt & Privatisation regarding consideration of Sessional Paper No. 3 of 2025 on Partial divestiture for Safaricom Plc by Government of Kenya. PHOTO/ Parliament.