Condia Insider: Safaricom is under fire
- GTCO completes the first phase of its mandatory capital raise, securing ₦209.41 billion from investors.
- The Central Bank of Nigeria mandates commercial banks to raise their capital base to ₦500 billion by March 2026.
- Access Holdings surpasses the new capital requirements by raising ₦600 billion, 20% above the mandate.
The recent developments surrounding Safaricom raise significant concerns about corporate ethics and accountability in the face of human rights violations. Companies must prioritize transparency and responsibility, especially when their actions can lead to severe consequences for individuals and communities. The shift in Meta's content moderation policies also reflects a broader trend of companies navigating complex political landscapes, which may compromise their integrity.
