Finally Michael Joseph resigns!!

By November this year, there will be no more "Kenyans are peculiar people" from the Telecoms industry. This has been confirmed by a press release today by the chairman of the Safaricom Board of Directors who announce the resignation of Michael Joseph. He will be officially out of office on November 1st and he is to be succeeded by 51 year old  Collymore. What MJ will be up to after this resignation is still vague and there is no mention at all about his future. He has faithfully served Safaricom for ten good years and has seen the company grow into a multi-billion company and a market leader after coming in a bit late (remember Kencell?) Good work, we must admit (whether you are on safcom or not)

Michael Joseph, Safaricom CEO

This is definitely surprising as we wait to see whether his successor will be up to the task of holding Safaricom at the helm, as well as providing effective telecoms services! Bob Collymore (successor to be) has been in the industry for more then 30 years and is tipped to be the only befitting successor. He has been with Vodafone up to recently as the Global Purchasing Director. We can only wait and see what he is worth. One thing for sure is that Safaricom has a strong foundation but is currently facing a lot of competition from other local operators. The price wars are getting more and more tougher. They have to keep on innovating and innovating lest they are out smarted.
Recently also, the Number Portability License was awarded  to Swiss company and they are in the process of setting up the infrastructure. I'm eager to see how they will keep their market share when the portability issue is up and running. Of course, they have the most superior 3G network and data to them should be really a strong hold for now, for voice, they will have to rethink, and rethink seriously cos Yu is silently catching up on that.
More info here. Meanwhile we wish him well in his endeavors.
I'm more curious!!!!!!