Business & Economy3 stories
The Kenyan government sold a 15 percent stake in Safaricom, raising Sh244.5 billion for infrastructure investments and increasing Vodacom Group’s control over Safaricom to 55 percent. This transaction occurred as Kenya's private sector experienced its strongest recovery in over five years in November, driven by a significant increase in new business and consumer spending. In a separate financial development, a High Court decision upheld a significant portion of a Sh773 million tax assessment against a construction company. This ruling is seen as bolstering Kenya's fight against "missing trader" tax evasion schemes.
