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HomeDaily NewsTuesday, June 30, 2026Vodacom Takes Control of Safaricom After Sealing Additional Stake Deal - June 2026
Business & Economy3 stories from 2 sources

Vodacom Takes Control of Safaricom After Sealing Additional Stake Deal - June 2026

Vodacom has successfully acquired an additional 20 percent stake in Safaricom, now holding 55 percent control of the Nairobi Securities Exchange-listed operator. Kenyan businesses and individuals are being urged to secure their capital against emerging risks, including cybercrime, political violence, and extreme weather, by obtaining appropriate insurance coverage. Meanwhile, the Kenya Revenue Authority has refused to extend the tax filing deadline of June 30, 2026, despite widespread technical issues with its online iTax platform.

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Tuesday 4:06 PMNation Business

Vodacom takes control of Safaricom after sealing additional stake deal

Vodacom takes control of Safaricom after sealing additional stake deal

Vodacom has successfully acquired an additional 20 percent stake in Safaricom, now holding 55 percent control of the Nairobi Securities Exchange-listed operator.

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Key Highlights

Vodacom has successfully acquired an additional 20 percent stake in Safaricom, now holding 55 percent control of the Nairobi Securities Exchange-listed operator.

  • Vodacom's stake in Safaricom increased to 55 percent.
  • The deal was completed after the Court of Appeal lifted orders blocking the sale.
  • The National Treasury will receive Sh204.3 billion from the sale of its stake, plus a Sh40.2 billion dividend top-up.
Tuesday 10:22 AMNation BusinessFirst

KRA rejects calls to extend tax filing deadline despite iTax glitches

KRA rejects calls to extend tax filing deadline despite iTax glitches

The Kenya Revenue Authority (KRA) has refused to extend the tax filing deadline of June 30, 2026, despite widespread technical issues with its online iTax platform.

Read Story

Key Highlights

The Kenya Revenue Authority (KRA) has refused to extend the tax filing deadline of June 30, 2026, despite widespread technical issues with its online iTax platform.

  • Taxpayers are urged to file immediately to avoid late filing penalties.
  • The KRA cited increased traffic as the reason for the iTax system glitches, a recurring problem since 2013.
  • Tax experts suggest a major system upgrade is needed to resolve persistent congestion issues.
Tuesday 10:54 AMCapital Business

Kenyans urged to protect capital from emerging risks

Kenyans urged to protect capital from emerging risks

Kenyan businesses and individuals are being urged to secure their capital against emerging risks, including cybercrime, political violence, and extreme weather, by obtaining appropriate insurance coverage.

Read Story

Key Highlights

Kenyan businesses and individuals are being urged to secure their capital against emerging risks, including cybercrime, political violence, and extreme weather, by obtaining appropriate insurance coverage.

  • Managing Director of NCBA Insurance, Stella Njunge, emphasized that risk transfer to reliable underwriters is crucial for sustainable business growth.
  • Businesses face increasing threats from floods, cyberattacks, and civil unrest, making insurance an essential financial safety net.
  • NCBA Insurance offers products like SME cover, which includes protection against political violence, and Cyber Guard policies for digital security.
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