Peter Ndegwa Boosts Stake in Safaricom to 8.7 Million Shares
Safaricom CEO Peter Ndegwa has significantly deepened his personal investment in the leading Kenyan telecommunications company, increasing his shareholding by an impressive 40 percent. According to recent disclosures from the giant telecom firm, Ndegwa’s stake now stands at 8.7 million shares as of the year ended March 2025, underscoring a strong vote of confidence in Safaricom’s trajectory within the vibrant African tech landscape.
The Growing Value of Leadership Investment
Peter Ndegwa, who assumed the role of Safaricom CEO in April 2020, has progressively expanded his holdings in the company over the past two years. This latest increase marks a substantial jump from his earlier stake of 895,000 shares, a figure that had remained constant since he first acquired them in 2021. The value of Ndegwa’s current 8.7 million-share portfolio in Safaricom is noteworthy. Based on a recent closing price of $0.2 (KES 25.70) per share, his stake is now valued at approximately $1.73 million (KES 223.59 million). This appreciation reflects not only his strategic acquisitions but also the benefit of Safaricom’s Employee Performance Share Award Plan (EPSAP), which is integral to his performance-based remuneration. In the fiscal year concluded March 2025, Ndegwa received shares valued at $349,955 (KES 45 million) through the EPSAP as part of his overall compensation package, further solidifying his direct financial alignment with the company’s success.
This substantial increase in the CEO’s personal stake sends a clear message of conviction to the market and shareholders alike. It highlights a strong belief in Safaricom’s continued growth and profitability, aligning the interests of its top leadership directly with the long-term performance of the company. Such a move is often viewed positively by investors, suggesting stable leadership and a commitment to delivering shareholder value in the dynamic African telecommunications sector.
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