Kenya’s largest telecommunications company, Safaricom has lost its CEO, Bob Collymore, to the cold hands of death after suffering from cancer. He was announced dead on Monday, July 1st 2019, aged 61.
According to Safaricom chairman, Nicholas Nganga, Collymore started receiving treatment for leukemia in 2017 but his condition worsened in recent weeks.
The Guyanese-born British businessman joined the company in 2010 and has been praised for driving Safaricom innovative mobile payment system, M-Pesa whose revenue grew by 19.2 per cent to Sh74.9 billion. He has also been credited for leading the company to profitability. Some of these achievements viz:
- Results released on May 3 showed the firm had recorded a growth in voice service revenue by 0.3 per cent to Sh 95.9 billion.
- The telco also recorded a service revenue growth of 7 percent to Sh240 billion.
- Revenue from its messaging service rose by 1.3 per cent to Sh17.5 billion.
- Safaricom declared Sh24.8 billion in special dividend.
We can only hope that the death of Collymore doesn’t mean the death of Safaricom. However, a statement by the company’s secretary Kathryne Maundu said Michael Joseph will assume the position as an interim CEO with immediate effect after a special board meeting resolved so.