Safaricom’s Share Buyback Proposal Reveals a Different Capital Strategy

Safaricom’s proposal to prohibit the use of retained earnings for share buybacks may appear to be a technical amendment to its Articles of Association, but it carries wider implications for how Kenya’s largest listed company intends to deploy shareholder capital.… Safaricom’s proposal to prohibit the use of retained earnings for share buybacks may appear to be a technical amendment to its Articles of Association, but it carries wider implications for how Kenya’s largest listed company intends to deploy shareholder capital.…