Papomart Limited

IEBC Warns It Could Postpone Ol Kalou By-Election Over Reports of Code of Conduct Breaches

KeNHA has awarded Shandong Hi-Speed a 30-year PPP contract to develop and operate the 94km Gilgil–Nakuru–Mau Summit highway. Motorists will pay a toll of Sh8.50 per kilometre.

Major changes are proposed at Safaricom following Vodacom’s increase in ownership to 55%, with shareholders set to vote on the revised Articles of Association at the company’s AGM on 31st July 2026. They include: —Safaricom’s next CEO will be appointed by the Board from a list of nominees submitted by Vodacom for as long as it holds more than 50%. —The Government will retain the right to appoint 2 directors to the Board through its remaining 20% stake, while Vodacom will appoint one director for every complete 10% held. —Any material change to the Safaricom brand will require Government consent and approval from at least 75% of the Board. —Safaricom will require Government consent before expanding into any market beyond Kenya and Ethiopia. —Where the Board remains deadlocked after a second vote, the position supported by a majority of Government- and Vodacom-appointed directors will prevail and bind the company. —Safaricom must maintain at least 7 directors and include independent non-executive directors, a majority of whom must be Kenyan citizens. —Directors are to encourage a predominantly Kenyan Senior Management team and Executive Committee, though this is not set as a binding numerical quota. —Safaricom’s CFO will automatically serve as the CEO’s alternate director whenever the CEO is absent, for as long as Vodacom owns more than 50%. The revised Articles of Association place into Safaricom’s constitutional documents the governance agreement between the Government and Vodacom and the conditions attached to the Government’s partial divestiture.