Saturday, June 22, 2024

Peter Ndegwa breaks his silence on quiting as Safaricom CEO

The Chief Executive Officer (CEO) of Safaricom PLC, Peter Ndegwa, has finally responded to speculations about his future at the telecommunications giant.

This comes after reports spread that the senior leadership of the telecommunications company is seeking to replace him, citing what was being alleged to be depressed growth under his tenure.

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However, speaking during an interview on Citizen TV on Thursday, January 26, the CEO was cautious in his response, stating that the board of Safaricom would make the decision.

“From where I stand, the decisions about my role are usually for the board and now that we have a new board chairman I’m sure it is a question that can be asked to the Chairman and the board. What I do know is I have had a very successful three years,”

he stated.


Ndegwa said he has made great strides and will remain focused until a decision is made otherwise.

“We’ve run the company very well, we’ve gone into Ethiopia, which is a major milestone for this business, we’ve launched 5G…

I plan to continue playing the role that I’ve played for the future because the management is focused on ensuring that this business continues to transform lives and play its role in Kenya. I will continue to lead this business to the future,”

he said.

At the same time the Safaricom CEO said that 2023 would be a challenging year for Kenyans based on the observation of M-Pesa.

“M-Pesa is the barometer of how the economy is doing… Looking at 2023, I think we are still going to have a challenging year; the worst is not over,”

Ndegwa stated.

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He added,

“The economy is in a tough place, we are facing a major global crisis. Everyone thought that we had recovered from the 2020 hardships but 2022 has seen a significant slowdown in growth at a global level.”

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  1. Why ain’t I surprised, Safaricom is one of the most useless, arrogant and idiotic service provider I know. I have travelled reasonably well. Indeed pride comes before a mighty fall. Can’t wait to watch it’s demise.

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