This archive report was first published on 26 October 2019.
Safaricom, a leading telecommunications company in East Africa, has gained $40 million after the appointment of a new Kenyan CEO.
The company's shares rose significantly following the announcement of the new CEO, who is a Kenyan national.
According to reports, the new CEO has brought in significant investment and has helped to boost the company's revenue.
The appointment of the new CEO has been seen as a positive move for the company, and investors are optimistic about the future of Safaricom.
As of October 26, 2019, Safaricom's shares had risen by 10% following the announcement of the new CEO.
