Posts Tagged ‘Michael Joseph’
Senior Execs Quit Vodacom SA for Kenya’s Safaricom
Vodacom has lost two of its top executives. Willem Swart, the group’s chief officer for international business tendered his resignation after the markets closed on Thursday evening. The group reported first quarter financial results on Thursday that reflected a disappointing performance in Vodacom’s operations outside The JSE-listed [...]
Vodafone’s Bob Collymore, 52, to Replace Michael Joseph as Safaricom CEO
Nairobi, 22 July 2010 | Safaricom CEO Michael Joseph is set to retire on 1st November this year. While announcing the move, Nicholas Nganga, Safaricom Board Chairman, said that Joseph will be replaced by Vodafone’s Bob Collymore, 52, who has worked in the telecommunications industry for more than 30 years in a variety of roles including that of [...]
Kenya’s Safaricom Reports $300Million Profit, Drives Data Growth in Africa
Nairobi, Wednesday, 26 May 2010, Kenya’s mobile service provider Safaricom has reported 37 percent rise in full-year pretax profit to Sh21.9 billion mainly boosted by revenue from data services. The company's active subscribers' base hit 15.79 million, 18.2 percent growth rate. The overall company revenue surged 19.1 percent to Sh83.96 [...]
Safaricom CEO to retire by end of 2010
NAIROBI (Reuters) - The head of Safaricom plans to step down by the end of 2010 after a decade at the helm, during which he turned the telecoms firm into east Africa's biggest company by market capitalisation. "I am planning to retire sometime in 2010, that's my intention," Chief Executive Officer Michael Joseph told Reuters in an [...]
Michael Joseph of Safaricom highlights the promise—and peril—of doing business in Africa
Nairobi, June 2008, THIS is a vexing time for those looking to invest in Africa. There are prophets of doom, who predict that population growth and climate change will condemn Africa's cities and dry countryside to crisis and collapse. But there are also optimists, such as Michael Joseph, the head of Safaricom, a Kenyan mobile-phone operator. [...]
