• Latest
  • All
  • How To
Safaricom Introduces New Privacy Feature for M-PESA Merchants’ Customer Data Access

Peter Ndegwa Dismisses Rumours He Will Be Replaced by Joshua Oigara

March 13, 2023
Samsung QLED TVs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

May 9, 2025
Apple Smart Glasses

Apple Is Making Its Own Chip for Smart Glasses Coming by 2027

May 9, 2025
Safaricom

Safaricom Breaks Barriers with $3B Milestone and Bold Ethiopia Play

May 9, 2025
Private Number calls

How to Handle Private Number Calls in Kenya

May 8, 2025
DHgate Tablet Cases deals
Kenya Power EV charging stations

Kenya Power Rolls Out 45 EV Charging Stations Across the Country

May 8, 2025
Bayobab

MTN’s Bayobab Connects Uganda and Kenya with New Fiber Route

May 8, 2025
Airtel Africa Starlink partnership

Starlink Is Expanding in Africa Through New Airtel Partnership

May 8, 2025
Android FreeType patch

Android May 2025 Security Update Fixes Critical FreeType Zero-Click Vulnerability

May 7, 2025
worldcoin kenya

Court Ruling Orders Worldcoin to Delete All Kenyan Biometric Records

May 7, 2025
smartphones-2024

Smartphone Market Recovers Slightly in Q1 2025 With Apple, Vivo Leading Gains

May 7, 2025
GTA 6 Trailer 2

GTA 6 Trailer 2: Rockstar Confirms Release Date and Dual Protagonists

May 7, 2025
YouTube Premium Duo

YouTube Now Lets Two People Share a Premium Plan

May 6, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Peter Ndegwa Dismisses Rumours He Will Be Replaced by Joshua Oigara

Kenn Abuya by Kenn Abuya
March 13, 2023
in News
Reading Time: 4 mins read
259
0
Safaricom CEO Peter Ndegwa

Safaricom CEO Peter Ndegwa

Ever since Bob Collymore passed away in 2019, Safaricom has experienced a number of management changes. Collymore’s death left a void in the CEO docket, which was then filled by the then-immediate former CEO Michael Joseph. He steered the company for a couple of months, up to a time when Peter Ndegwa’s tenure became effective in early 2020.

Michael Joseph then stayed on as Board Chairman after the retirement of Nicholas Ng’ang’a. MJ’s tenure, was only short-lived because the Board picked a new chairman, career investment banker John Ngumi in July 2022. His tenure lasted only for a couple of months too, and was marked by few public appearances. His absence was noted when the telco was making key announcements such as the Safaricom Ethiopia launch, as well as the commercial availability of 5G.

Ngumi’s only public presentation was when Safaricom held an investor briefing in November 2022. Many have argued that he knew his work with the Board wasn’t going to last, which is why he didn’t do much to make his presence known and felt.

To this end, Ngumi resigned from his position and was soon replaced by lawyer Adil Khawaja.

However, before these changes had experienced a period when all the chief executives that had worked with Collymore actively left the telco.

Ndegwa reorganized the top leadership of the company by introducing a new team of executives.

The first to leave was Rita Okuthe, who was the Chief Enterprise Business Officer, followed by Sateesh Kamal, who became the CFO of Vodafone Business.

Steve Chege, who was the Chief Corporate Affairs Officer, left for Vodacom as the Group’s Chief External Affairs Officer.

Joe Ogutu, who was the Chief Special Projects Officer, retired from the company.

Kris Senanu, who succeeded Rita Okuthe, also departed Safaricom after a short period.

Debra Mallowa, the Chief Development Officer, and Sylvia Mulinge, who was once expected to replace Bob Collymore, also left. Sylvia Mulinge is currently the CEO of MTN Uganda.

Additional changes have recently been made in Safaricom in terms of its Board membership. Long-serving member Bitange Ndemo, who served as Independent Director was replaced by Ory Okollo.

The Board also announced that Ms. Karen Kandie would be joining the team as the Alternate Director to the Cabinet Secretary of National Treasury and Economic Planning, replacing Eng. Stanley Kamau.

Peter Ndegwa is here to stay

These changes, however, do not have the potential to drive a deeper conversation in terms of how Safaricom is being managed other than those that have recently and reportedly suggested that CEO Peter Ndegwa will be on his way out too (as soon as his contract expires).

Joshua Oigara, Stanbic Kenya CEO

Rumours had suggested that Joshua Oigara, who is currently the CEO of Stanbic and a former CEO of KCB Group, was being considered for the top position at Safaricom [there was a rumour he was being prepared to take over Collymore before he unfortunately passed away]. He has since dismissed the talk and stated that he had no intention of leaving his current role and was fully committed to his contract with Stanbic Bank.

Oigara emphasized that he prefers to stay with organizations for a longer period of time.

On the other hand, Ndegwa has clarified his stand that he is not going anywhere following his chat with Business Daily.

He has dismissed ‘gossip’ about his future at the company, stating that his employment terms are not tied to the three-year contract cycle offered to his expatriate predecessors.

Ndegwa is confident in his performance and achievement of targets set by the board.

As a Kenyan, he is not subject to the same contractual conditions as his expatriate predecessors.

The Safaricom Board charter outlines a CEO’s fixed-term contract of not less than three years and not more than seven years, with the possibility of extension.

The recent changes on the Board led to speculation about Ndegwa’s future, but he remains focused on achieving his targets.

Safaricom is East Africa’s most profitable company, and Ndegwa earned KES 288.93 million, including a KES 178.88 million bonus, in the year that ended in March last year.

Tags: Peter NdegwaSafaricom
SendShare147Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Safaricom

Safaricom Breaks Barriers with $3B Milestone and Bold Ethiopia Play

May 9, 2025
Private Number calls

How to Handle Private Number Calls in Kenya

May 8, 2025
Emerald PostPay

Safaricom Transitions Customers to New Emerald PostPay Plans

May 6, 2025
Safaricom's Corporate PostPay

Optimizing Business Communication with Safaricom’s Corporate PostPay

May 6, 2025
Safaricom Cohort

Safaricom Hosts Spark Accelerator Demo Day, Announces Second Cohort Applications

March 23, 2025
Decode 3.0

Safaricom Introduces Video Ring Back Tones and Daraja 3.0 at Decode Summit

March 22, 2025

Latest

Samsung QLED TVs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

May 9, 2025
Apple Smart Glasses

Apple Is Making Its Own Chip for Smart Glasses Coming by 2027

May 9, 2025
Safaricom

Safaricom Breaks Barriers with $3B Milestone and Bold Ethiopia Play

May 9, 2025
Private Number calls

How to Handle Private Number Calls in Kenya

May 8, 2025
Kenya Power EV charging stations

Kenya Power Rolls Out 45 EV Charging Stations Across the Country

May 8, 2025
Bayobab

MTN’s Bayobab Connects Uganda and Kenya with New Fiber Route

May 8, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

May 9, 2025

Apple Is Making Its Own Chip for Smart Glasses Coming by 2027

May 9, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

Starlink Is Expanding in Africa Through New Airtel Partnership

Android May 2025 Security Update Fixes Critical FreeType Zero-Click Vulnerability

Court Ruling Orders Worldcoin to Delete All Kenyan Biometric Records

Smartphone Market Recovers Slightly in Q1 2025 With Apple, Vivo Leading Gains

GTA 6 Trailer 2: Rockstar Confirms Release Date and Dual Protagonists

YouTube Now Lets Two People Share a Premium Plan

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.