Safaricom CEO Ndegwa Stays Steady as Government Breakup Rumors Capture Headlines
Despite speculation about a government-mandated breakup, Safaricom’s leadership remains focused on growth and social impact
Safaricom, Kenya’s leading telecom operator, is once again in the spotlight following reports that the government might split the company. Sources suggest creating three distinct divisions: mobile services, infrastructure, and mobile money, with the latter possibly coming under the Central Bank of Kenya.
The conversation comes just months after Safaricom reached a market value of over KES 1 trillion, highlighting its dominant position in Kenya’s telecommunications sector. Treasury Cabinet Secretary John Mbadi noted that such a move could offer “huge benefit” to the economy, reflecting the government’s interest in Safaricom’s broader impact.
CEO Peter Ndegwa remains composed amid speculation. He pointed out that discussions about Safaricom’s size have existed for years but stressed that the company operates responsibly and is closely regulated by the Communications Authority of Kenya. “Kenya’s open society encourages debate. Parliament will often discuss Safaricom’s role, but our operations speak for themselves,” Ndegwa said.
Over the past five years, Safaricom has expanded both its reach and influence. Platforms like M-Pesa mobile money have transformed access to financial services, becoming an integral part of daily life for millions. From its early beginnings as a Telkom Kenya subsidiary in 1997, Safaricom has become a leader in mobile technology and a key contributor to community programs across Kenya.
Employees and stakeholders remain motivated by the company’s work. “We may be in the news, but when you see the impact on communities and the pride among our teams, it’s clear that Safaricom is focused on meaningful outcomes,” Ndegwa added.
For now, Safaricom’s growth in Kenya continues under careful regulatory oversight, demonstrating how a private enterprise can balance expansion, social responsibility, and ongoing conversations about a potential Safaricom breakup.
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