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Safaricom CEO Peter Ndegwa speaking during Pamoja Tuungane foodstuff flag off to Isiolo County. [Wilberforce Okwiri, Standard]
Safaricom will not be split. Instead, the telco intends to convert into a group that will own all its businesses including a mobile money business.
Mr Peter Ndegwa, the telco's chief executive officer told The Standard that Safaricom Plc will be converted into a holding company, that will also own the Ethiopian business and a tower company that the listed firm will create soon.
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