Safaricom's CEO Joseph Doesn't See His Imminent Departure Affecting Shares

Safaricom Ltd.’s Chief Executive Officer, Michael Joseph, said he doesnt expect his resignation, announced yesterday, to affect the company’s share price as his departure was expected.

The company’s shares, which closed trade in Nairobi yesterday at 5.7 shillings, may rise as high as 6.8 shillings, he said in an interview on Kenya Television Network, which is based in the city, without giving a timeframe.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

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