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| SAFARICOM CEO - BOB COLLYMORE |
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Safaricom CEO Bob Collymore has fulfilled his promise to
publicly declare his assets as way of instilling transparency in
the fight against corruption in Kenya.
The telecommunication giant boss, on Tuesday, December 8, declared
that he has net assets worth about KSh 277 million ($2,719,000 to be
precise) after having worked for over 30 years.
The assets comprise of a residential house in London (KSh 54
million), cash in Kenya banks (KSh 21 million), cash in banks in the
United Kingdom (KSh 95 million), Safaricom shares (KSh 18 million) and
Vodafone PLC shares (KSh 89 million).
Guyana-born executive also declared that he has earned KSh 100
million ($1,068,000) from employment income as the head of Safaricom in
the last 12 months. Collymore has held the position since November 2010
when he took over from Michael Joseph.
Apart from the salary, Bob Collymore said he had also earned KSh 591,249 in the last 12 months.
Bob Collymore serves on the Kenya Vision 2030 board, is a Founder
Trustee in the National Road Safety Trust and also a chairman of The
East African Marine System (TEAMS) Board.
Other notable personalities who promised to declare their wealth as
well are Chief Justice Willy Mutunga and Kenya Commercial Bank boss
Joshua Oigara in a show of support to a civil society campaign on
knocking out corruption in Kenya.
The campaign, spearheaded by activist Boniface Mwangi, kicked off on December 1, with a march to State House in Nairobi.
SOURCE: TUKO.COM
Safaricom
CEO Bob Collymore's annual $1.068 million income makes him possibly the
highest paid chief of a mobile services provider in Kenya.
In an asset declaration form, Collymore stated that he earns the
Sh108,924,786 a year and has no assets in Kenya, save for his $180,000
(Sh18 million) shares in Safaricom.
The chief executive also has shares worth $871,000 (Sh88.8 million)
at Vodafone PLC and a residential house in the UK worth about $530,000
(Sh54 million).
He also has liquid cash amounting to more than Sh100 million at local and foreign banks.
Collymore, who declared his wealth on Tuesday ahead of World
Anti-Corruption Day, is generally worth about $3.8 million (Sh387
million), including his salary for the last 12 months.
During the launch of the Anti-corruption conference on Tuesday, the
CEO and board member of the United Nations Global Compact noted that
corruption is a major obstacle to sustainable economic, political and
social development.
He heads Safaricom which has been ranked Kenya’s largest taxpayer.
It was reported in October
that Safaricom dominates the Kenyan mobile market, sweeping up more
than 90 per cent of revenues in areas such as voice calls and text
messaging.
Rivals like Bharti Airtel and some officials have complained that Safaricom's dominance stifles competition.
Safaricom's revenues from calls amounted to a 91.63 per cent market
share in 2014, while its closest competitor, Airtel, had 8.33 per cent,
according to the data obtained from the Communications Authority.
In text or short messaging services, Safaricom had more than a 90-per
cent share of total market revenues from that segment, the regulator
said.
- See more at:
http://www.the-star.co.ke/news/i-am-worth-sh387-million-declares-safaricom-boss-bob-collymore#sthash.UqW2Chlf.dpuf
Safaricom
CEO Bob Collymore's annual $1.068 million income makes him possibly the
highest paid chief of a mobile services provider in Kenya.
In an asset declaration form, Collymore stated that he earns the
Sh108,924,786 a year and has no assets in Kenya, save for his $180,000
(Sh18 million) shares in Safaricom.
The chief executive also has shares worth $871,000 (Sh88.8 million)
at Vodafone PLC and a residential house in the UK worth about $530,000
(Sh54 million).
He also has liquid cash amounting to more than Sh100 million at local and foreign banks.
Collymore, who declared his wealth on Tuesday ahead of World
Anti-Corruption Day, is generally worth about $3.8 million (Sh387
million), including his salary for the last 12 months.
During the launch of the Anti-corruption conference on Tuesday, the
CEO and board member of the United Nations Global Compact noted that
corruption is a major obstacle to sustainable economic, political and
social development.
He heads Safaricom which has been ranked Kenya’s largest taxpayer.
It was reported in October
that Safaricom dominates the Kenyan mobile market, sweeping up more
than 90 per cent of revenues in areas such as voice calls and text
messaging.
Rivals like Bharti Airtel and some officials have complained that Safaricom's dominance stifles competition.
Safaricom's revenues from calls amounted to a 91.63 per cent market
share in 2014, while its closest competitor, Airtel, had 8.33 per cent,
according to the data obtained from the Communications Authority.
In text or short messaging services, Safaricom had more than a 90-per
cent share of total market revenues from that segment, the regulator
said.
- See more at:
http://www.the-star.co.ke/news/i-am-worth-sh387-million-declares-safaricom-boss-bob-collymore#sthash.UqW2Chlf.dpuf
