Govt sells 15pc Safaricom stake, raises Sh244bn for infrastructure investments
Government has sold a 15 per cent stake in Safaricom, generating Sh244.5bn to fund major infrastructure projects. Vodacom boosts its control to 55 per cent as the government retains a 20 per cent strategic stake...
✨ Key Highlights
The Kenyan government has sold a 15 percent stake in Safaricom, raising Sh244.5 billion for infrastructure investments. This transaction also increased Vodacom Group’s control over Safaricom to 55 percent.
- Proceeds of Sh244.5 billion were generated from the sale, representing a 23.6 percent premium on the six-month volume-weighted average price.
- The Treasury Cabinet Secretary, John Mbadi, confirmed the divestment will fund essential infrastructure projects including energy, roads, and water.
- The government will retain a 20 percent strategic stake in Safaricom, while Vodafone Kenya paid an additional Sh40.2 billion for future dividends on the state's remaining shares.
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Govt Sells Sh244bn Safaricom Stake Amidst Private Sector Recovery and a Major Tax Evasion Ruling - December 2025
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.
