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The much-awaited assumption into office of Peter Ndegwa as the Chief Executive Officer at Safaricom to succeed Bob Collymore, who died of cancer on July 1, last year, has come into effect. Mr Ndegwa becomes the first Kenyan to run the giant telco. Wednesday saw the former Managing Director of Diageo Continental Europe officially take over from founding CEO Michael Joseph, who has been the acting CEO since Collymore’s death. The 51-year-old incoming CEO will be taking over the most profitable company in East and Central Africa at a time when businesses have been hard hit by the coronavirus global pandemic. As a result, Ndegwa’s entry is unlikely to be marked by pomp and circumstance and ... Full story

1 April