Kenyans have taken to social media to eulogise Safaricom’s Chief Executive Officer Robert William Collymore, who the company said died after a nearly two-year long battle with cancer.
“It is with deep sorrow that we announce the passing away of Robert (Bob) William Collymore, CEO of Safaricom Plc, which occurred at his home in the morning of 1st July 2019,” the firm said in a statement.
In May, Collymore, 61, had said he would stay in his position for an extra year. He was set to step down in August after nine years at the helm, during which time Safaricom’s share price rose by more than 400%.
In recent weeks, his condition worsened and he succumbed to the cancer at his home in the early hours of Monday.
The appointment of his successor was delayed as the Kenyan government, which owns 35% of the company, has insisted that a local is picked to succeed him.
Collymore had travelled to Britain in October 2017 and received treatment for Acute Myeloid Leukemia, and he had since been undergoing treatment for the same condition, the company said.
“In recent weeks, his condition worsened and he succumbed to the cancer at his home in the early hours of Monday…,” it added.
Safaricom, which is 35% owned by South Africa’s Vodacom , is the country’s biggest telecoms company, controlling about 62% of Kenya’s mobile market, with 30 million subscribers. Britain’s Vodafone has a 5% stake and the Kenyan government owns 35%.
Bob Collymore helped to build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.
Safaricom posted a 13% rise in its core earnings for the full year to end March to 89.6 billion shillings ($875.86 million), driven by growth in M-Pesa.
A group called Progressive Forces in South Africa has launched a petition against MissUniverse Nigeria Chidimma Adetshina, with the aim…
Mauritius on Saturday overruled its decision to prohibit social media until the election onNovember 10th which was caused by a…
The UAE’s Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed AlNahyan was in Addis Ababa…
Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe's independence, was ‘like…
Following elections in which the party that had ruled the diamond-rich nation for almost 60years suffered a historic setback. Botswana's…
A lightning strike at a refugee camp in Uganda kills 14 people including children with 34 othershospitalized. The incident happened…
This website uses cookies.