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Govt Moves to Sell Safaricom Stake; Startups Funded; Uchumi House Listed for Sale - January 2026

The National Treasury is moving to sell a 15 percent equity stake in Safaricom PLC to the Vodacom Group for approximately Sh244.5 billion ($1.6 billion), a move that raises data sovereignty concerns. In a separate government initiative, Sh173.2 million has been disbursed to 6,982 startups in Central Kenya as part of the Nyota Project to address youth unemployment. In Nairobi’s Central Business District, the five-storey Uchumi House has been listed for sale with an asking price of Sh562.5 million, offering immediate rental income from its established tenants. Additionally, the High Court in Kenya has permitted the regulatory approval processes for the Diageo–Asahi transaction to proceed, though it issued a temporary order restraining the final stages of the deal.

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Monday 4:05 PMCapital Business

Data sovereignty fears rise as Vodacom eyes 55pc Safaricom stake

Data sovereignty fears rise as Vodacom eyes 55pc Safaricom stake

The National Treasury is moving to sell a 15 percent equity stake in Safaricom PLC to the Vodacom Group for approximately Sh244.5 billion ($1.6 billion), potentially restructuring the ownership of East Africa’s most profitable firm and raising significant data sovereignty concerns.

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Monday 7:51 AMCapital BusinessFirst

High Court allows regulatory process for Diageo–Asahi deal to proceed

High Court allows regulatory process for Diageo–Asahi deal to proceed

The High Court in Kenya has permitted the regulatory approval processes for the Diageo–Asahi transaction to proceed, despite issuing a temporary order restraining only the final stages of the deal.

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Monday 9:49 AMCapital Business

Uchumi House listed for sale at Sh562.5mn

Uchumi House listed for sale at Sh562.5mn

Uchumi House, a prominent commercial property in Nairobi’s Central Business District (CBD), has been listed for sale with an asking price of Sh562.5 million. This five-storey building offers immediate rental income due to its established tenants and strategic location.

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Monday 5:00 PMCapital Business

Govt disburses Sh173.2mn to Nyota startups in Central Kenya

Govt disburses Sh173.2mn to Nyota startups in Central Kenya

The Kenyan government has disbursed Sh173.2 million to 6,982 startups in Central Kenya as part of the Nyota Project, an initiative aimed at addressing youth unemployment.

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