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Originally published by Capital Businessbusiness
December 4, 2025
1h ago
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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