This archive report was first published on 30 June 2020.
June 30, 2020, marked a significant milestone in the life of Bob Collymore, the former CEO of Safaricom, who passed away on November 1, 2019. As we reflect on his legacy, it is clear that his impact extends far beyond the corporate world, offering valuable lessons for businesses and leaders in a world grappling with the effects of the Covid-19 pandemic.
Collymore's decision to publicly declare his wealth in 2015 was a bold move that demonstrated his commitment to transparency and accountability. This act of integrity inspired others to follow suit, highlighting the importance of corporate leaders taking a stand against corruption.
Under his leadership, Safaricom became a model for sustainable and purpose-driven business. Collymore believed that profits and purpose were not mutually exclusive, and he worked tirelessly to ensure that the company's success was not just measured by its financial returns but also by its positive impact on society.
One of Collymore's greatest achievements was the introduction of M-Pesa, a revolutionary mobile money service that exponentially deepened financial inclusion and earned global attention and admiration. This innovation was a testament to his commitment to using business as a catalyst for inclusive economic growth.
Collymore's legacy extends beyond his business achievements. He was a passionate advocate for environmental sustainability, anti-corruption, and social responsibility. He served on various boards, including the Global Commission for Business and Sustainable Development, the B-Team, and the United Nations Global Compact Board.
As we honor Collymore's legacy, it is essential to consider how his business lessons can be applied in today's world. His commitment to building trust through strong, meaningful relationships is particularly relevant in a time when businesses are grappling with the effects of the pandemic and its associated challenges.
Mr. Oigara is the CEO/MD of KCB Group Plc.
