Peter Ndegwa’s contract situation is somewhat unusual compared to his predecessors.
Unlike his two predecessors — Michael Joseph and Bob Collymore — who were expatriates on fixed three-year contracts, Ndegwa negotiated a different arrangement as a Kenyan
When joining, he sat with the Board and agreed on a set of deliverables against which his performance would be tracked, rather than a fixed contract cycle.
Ordinarily, his contract would have lapsed today, March 31, 2026.
Safaricom’s board charter stipulates that a CEO shall serve on a fixed-term contract of not less than three years and not more than seven years, with the possibility of extension beyond that duration as the board deems necessary.
He has now been in the role since April 2020 — over six years — which puts him near the upper end of that seven-year window. As of early 2026, he remains listed as Group CEO on Safaricom’s official website , and he was still actively representing Safaricom before Parliamentary Committees as recently as at end of March 2026.
No public announcement of a contract end date or succession plan has been made as of now.
Given the seven-year ceiling in the board charter, April 2027 would be the latest theoretical endpoint — but the board could act earlier, extend, or make an announcement at any time. One to watch.
