Safaricom PLC: Shareholders Board Members Managers and Company Profile | KE1000001402 | MarketScreener (2024)

FAQs

Who are the major shareholders of Safaricom? ›

It is comprised of 10 directors of whom nine are non-executive directors and one is an executive director.

It is the largest telecommunications provider in Kenya, and one of the most profitable companies in the East and Central Africa region. The company offers mobile telephony, mobile money transfer, consumer electronics, ecommerce, cloud computing, data, music streaming, and fibre optic services.

“Safaricom share price declined due to foreign investor sell-off as interest rates rose in developed countries,” stated the management during the AGM Thursday. “Other factors contributing to the decline are the current protests in the country.”

One of the top five investors in Kenya's Safaricom, FMR LLC, an American multinational financial services firm, is selling off millions of shares in Safaricom.

Fintech Association Of Kenya on LinkedIn: Billionaire Kibunga Kimani buys Sh113 million Safaricom shares | 12 comments.

Safaricom's CEO is Peter Ndegwa, appointed in Apr 2020, has a tenure of 4.33 years. total yearly compensation is KES252. 30M, comprised of 37.4% salary and 62.6% bonuses, including company stock and options. directly owns 0.002% of the company's shares, worth KES13.

Peter Ndegwa (CBS)

Peter is the CEO of Safaricom PLC, a leading communications company in Africa. Safaricom is also the pioneer of M-PESA, the world's most developed payment system.

Besides Safaricom, other shareholders of the Ethiopian business include Japanese trading company Sumitomo Corporation (25.2 percent), British International Investments (10.1 percent), and Safaricom's parent firm Vodacom (5.75 percent). Safaricom Ethiopia is also eyeing a potential $150 million (Ksh19.

It comprises four key pillars – purpose, customer obsession, collaboration and innovation.

Who owns M-PESA in Kenya? ›

Safaricom has announced the successful completion of its acquisition of M-Pesa Holding Company Limited from its parent company, Vodafone Group PLC, finalizing a process that began in April of this year.

The report generated by KPMG places Safaricom's true value at KShs413. 8 billion, which is 10.86 times bigger than the KShs38.

Our shareholding structure changed during the year and is currently comprised of the Government of Kenya (35 per cent), Vodacom (35 per cent), Vodafone (5 per cent) and free float (25 per cent). * Company holds an indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd (VKL).

Safaricom of the future will be a technology company and will offer more in the education, agriculture, and health sectors as it grows. The next phase of Safaricom's growth will see the service provider continue its innovation tradition and simplify its products and services in line with its FOR YOU brand promise.

Following an interim dividend of KES 0.55 per share, totaling KES 22.04 billion, that was paid in March 2024, this brings the total dividend payout for the year to KES 1.20 per share, representing a total of KES 48.08 billion.

The move comes after Safaricom took control of M-Pesa Holding Company Limited —the firm that holds the cash powering its mobile money service— from London-based Vodafone Group Plc which is its ultimate parent company. Safaricom paid Vodafone a token amount of $1 (Sh151) in the transaction.

Vodafone currently holds a 40% indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd (“VKL”).

Company Profile and History

Safaricom was incorporated on April 1997 as a private limited liability company. It was converted into a public company with limited liability on 16 May, 2002.

How much did Peter Ndegwa earn? The telecommunication company's 2024 annual report showed that Ndegwa earned an annual salary of KSh 94.3 million, a bonus of KSh 134.1 million, and non-cash benefits of KSh 23.9 million, bringing his total pay for the year ended March 2024 to KSh 252.3 million.