Safaricom Plc Chief Financial Services Officer, Esther Masese Waititu, has resigned effective Aug 1st, 2026.
It's the latest in C-suite exits from the telco after Mutiga who leaves for Stanbic Bank Kenya & Sitoyo who left for Absa bank.
I have the details via @BD_Africa, link below
https://t.co/NMTG2ZnKSf
The average Kenyan phone user has WhatsApp, MPESA, a streaming app, and five bank apps. And yet banks are still building web portals that look like 2009. Your customers are mobile-native. Design accordingly. #FinTech#Kenya#MobileFirst
I’m convinced 90% of a founder's job is to just do 3 things:
- be delusional in your optimism
- push everyone to move faster
- make it crystal clear what to work on
Merchants prefer bank/paybills/tills to solve the reversal puzzle and are already battling two stage reconciliations for mobile money: customer to paybill/till and Paybill/till to bank. Adding another bottleneck will push them to go the Eastleigh route - withdraw hapo kando.
Alexander Forbes launched Riverine Estate in Kitengela in 2014. Sh2.6bn, 211 units, completion target Dec 2017. It's 2026 and units are still on the market. 10+ years to move inventory on a pension-fund-backed project tells you something about Kenyan real estate absorption rates — not demand, execution.