Latest update November 16th, 2024 1:00 AM
Latest News
- AFC’s leader, Hughes promises to prioritize country’s interest above Exxon’s as law firm remains on company’s payroll
- Norton not opposed to referendum on renegotiation of oil contract
- Israel ramps up attacks on Lebanon as officials study US ceasefire plan
- Broken sluice door causes flooding in five WCB communities
- Miner dies after pit caves in at Issano Backdam
Guyanese-born exec who built world’s leading mobile money services dies
Kenya (qz.com) – Bob Collymore, the Guyana-born British businessman who oversaw the expansion of Kenya’s telecommunications firm, Safaricom, into East Africa’s biggest mobile network operator, has died.
Died: Bob Collymore
Safaricom confirmed that the 61-year-old passed away from cancer while at home yesterday morning. Collymore had been receiving treatment for acute myeloid leukemia in the UK and in Kenya for almost two years.
Collymore took over as Chief Executive Officer of Safaricom after nine years in Africa and Asia with British telecom firm, Vodafone, which partly owns Safaricom, together with the Kenyan government and South African mobile operator, Vodacom.
He helped expand the company’s focus to include digital services, most notably developing the popular mobile money transfer service M-Pesa, and overseeing support of the company’s rapidly growing customer base.
During his tenure, Safaricom grew into one of the largest and most profitable companies in East Africa.
Collymore was adamant about making M-Pesa available to consumers and businesses on a variety of platforms.
In recent years, Safaricom opened up M-Pesa’s application programming interface to simplify integration with mainstream financial transactions. The company introduced cross-network transfer systems and made it easier for users to transfer cash worldwide using Western Union and China’s digital payment system We Chat Pay.
The Nairobi-headquartered firm also developed a range of apps for music streaming (Songa), ride-hailing (Little), e-commerce (Masoko), and launched a platform allowing customers to send and receive money while they chat (Bongo).
Collymore also resisted breaking up M-Pesa from the rest of the business after the company faced accusations from lawmakers, regulators, and rivals like Indian-owned Bharti Airtel and Telkom Kenya that it was too dominant.
Safaricom is by far Kenya’s biggest telecom operator, claiming 31.8 million out of the country’s 51 million mobile subscribers.
Collymore announced in May that he would step down as CEO by August 2020. Company sources, however, told Reuters in April that he had planned to step down this August for health reasons, but that the appointment of a successor was being delayed over the Kenyan government’s insistence on a local for the role.
The Kenyan government didn’t confirm or deny this assertion. Safaricom has yet to make an announcement on an interim CEO; it said in late April that a decision on Collymore’s successor had not yet been made.
Kenyan president Uhuru Kenyatta, described Collymore as “a distinguished corporate leader whose contribution to our national wellbeing will be missed.”
Collymore reflected on mortality in a candid interview with Kenyan newspaper, Business Daily, last year, saying cancer had forced him to prioritize at work.
“It has allowed me to let more people manage me. It’s made us focus on the things that are important, because not everything is important, not all arguments are important to many. You do not always have the last word on something and you do not always have to be the first person to say something. Just shut up and listen.
“When you spend a lot of time on your own, you realize that silence actually is a pretty good thing.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Where is the talent in the PPP?
…Peeping Tom Kaieteur News- The People’s Progressive Party (PPP) and its exuberant General Secretary, Bharrat... more
Rising Gun Crimes in the Caribbean: Urgent Action required by all
By Sir Ronald Sanders Kaieteur News – There is an alarming surge in gun-related violence, particularly among younger... more
Weekend Cartoon
