Founding CEO of Kenya’s largest telco, Safaricom, Michael Joseph has resigned as a director in the board of Safaricom PLC, with effect from August 1, 2023. Notably, as the founding CEO of Safaricom Limited, Michael steered the company from a subscriber of less than 18,000 back in 2000 to over 17 million subscribers by his retirement in November 2010.
According to the announcement released by the Board, Michael served in various capacities within Safaricom since 2000 including as a General Manager, twice as the Chief Executive Officer, Director and as well as Chairman of the Board. He has also served as a member and Chairman of various committees of the Board.
“It is the deep foundation and connection with the communities that Michael developed that led to the phenomenal growth, development of innovative products and services, ensuring Safaricom became deeply embedded in every it of our society,” part of the announcement reads. “During his tenure, Michael oversaw the highly successful launch and phenomenal growth of MPESA and its related services.”
In addition, Michael was also behind the launch of both the Safaricom and M-PESA Foundations. The two foundations have supported projects throughout Kenya in sectors such as education, health, culture and conservation. Together with the late Bob Collymore, the two launched M-PESA Foundation Academy.
“He has been integral to the important advances that Safaricom has made over the years, including the issuance of Safaricom’s first Bond, the Initial Public Offer in 2007 and the branching out into Ethiopia.” part of the announcement adds.
According to the Board, Michael Joseph leaves to focus on other ventures in his life. These will include continuing with his role as Chairman of Kenya Airways and being a director in various organizations.