Safaricom expansion plans face new government approval rule

Safaricom shareholders will vote on proposed changes that could require the Kenyan government’s approval before the company expands into new markets outside Kenya and Ethiopia. The telecommunications company has proposed amendments to its articles of association requiring government consent before… Safaricom shareholders will vote on proposed changes that could require the Kenyan government’s approval before the company expands into new markets outside Kenya and Ethiopia. The telecommunications company has proposed amendments to its articles of association requiring government consent before…