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HomeDaily NewsFriday, June 26, 2026Court Clears Safaricom Stake Sale to Vodacom - June 2026
Business & Economy3 stories from 1 sources

Court Clears Safaricom Stake Sale to Vodacom - June 2026

The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction. RUPSA Sacco has separately asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities of Sh17.7 billion and audit findings. The Policyholders Compensation Fund has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.

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Friday 2:56 PMCapital Business

Court clears Safaricom stake sale to Vodacom

Court clears Safaricom stake sale to Vodacom

The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction.

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Key Highlights

The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction.

  • The sale is valued at approximately Sh204 billion.
  • Key organizations involved include the Kenyan government, Safaricom, and Vodacom.
  • The proceeds from the sale are intended to be channeled into the National Infrastructure Fund and the Sovereign Wealth Fund.
Friday 8:52 AMCapital BusinessFirst

Rupsa seeks insolvency process for KUSCCO over Sh17.7bn liabilities

Rupsa seeks insolvency process for KUSCCO over Sh17.7bn liabilities

RUPSA Sacco has asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities and audit findings.

Read Story

Key Highlights

RUPSA Sacco has asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities and audit findings.

  • KUSCCO faces liabilities of Sh17.7 billion against assets of Sh5.2 billion, indicating a deficit of approximately Sh12.5 billion.
  • The petitioner, RUPSA Sacco, is arguing for the applicability of the Insolvency Act to KUSCCO.
  • The dispute hinges on whether KUSCCO, registered as a cooperative society, can be subjected to insolvency proceedings, with the court to decide on jurisdiction.
Friday 11:01 AMCapital Business

PCF disburses Sh390.8mn in insurance claims

PCF disburses Sh390.8mn in insurance claims

The Policyholders Compensation Fund (PCF) has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.

Read Story

Key Highlights

The Policyholders Compensation Fund (PCF) has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.

  • Sh390.85 million has been settled for policyholders of insurers in statutory management or liquidation as of March 31, 2026.
  • The PCF has commenced compensation claims for customers of Trident Insurance Company Limited.
  • The fund is conducting public awareness campaigns, including the PCFMtaani initiative, to inform eligible claimants about compensation up to Sh500,000 per claim.
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