Radio Africa Group's CEO Patrick Quarcoo steps down

According to a statement from the company, Quarcoo stepped down to pursue personal interests but will still play a role as a shareholder and assist in shaping policies. 

He is also credited for launching six radio stations, a national newspaper and digital channels as well as establishing a presence in Nigeria. These include Kiss 100, Classic 105, Radio Jambo, X FM, East FM, Smooth FM and The Star newspaper.

"His innovative vision and leadership have significantly impacted the media industry across the continent. As Radio Africa Group moves forward, this transition marks a pivotal moment for our business," the statement read in part. 

"We are committed to realigning our operations to enhance cost efficiency, drive profitability and digital growth in the light of major industry changes. This includes an intensified focus on digital transformation to meet the evolving needs of our audience and to capitalize on emerging market opportunities."

Martin Khafafa, the company’s Chief Operating Officer was appointed by the board to manage the company on an interim basis. Khafafa holds a Master of Business Administration from the United States International University (USIU). 

Kiprono Kittony, Chairman of Radio Africa Group, hailed Quarcoo as a dedicated leader who was instrumental in the company's success in the past years. 

“We are grateful for Quarcoo’s dedication and leadership over the years. His contributions have laid a strong foundation for our future. As we embark on this new chapter, we aim to leverage our digital platforms more aggressively and ensure sustainable growth and continue to deliver value for our advertising partners," Kittony said. 

"The retirement of Quarcoo comes at a time when the media landscape is rapidly changing. By refocusing our efforts on digital innovation, we are poised to deliver even more compelling content and improve our profitability. We thank Quarcoo for his years of service and wish him all the best in his retirement” he added.