Safaricom Plc share defied news of chief executive Bob Collymore exit to open 0.71 per cent high at the Nairobi Securities Exchange (NSE) on Tuesday. The price is however Sh5 lower compared to its all-time high of Sh33.50 last April. “I have every confidence that whether I’m here or not, that this company will run ... The Kenyan government is pushing for the appointment of a Kenyan CEO to replace Collymore as adopted at a shareholder meeting in 2017. During his tenure, Safaricom’s share price has increased by more than 400 per cent from an initial offer price of Sh5.

Source: The Star April 30, 2019 08:37 UTC