Business & Economy4 stories from 1 sources
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.