Government of Kenya to Sell 15% Stake in Safaricom to Vodafone Kenya
The Government of Kenya plans to sell 15% of its Safaricom stake to Vodafone Kenya, reshaping the telecom’s ownership..
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The Government of Kenya plans to sell a 15% stake in Safaricom PLC to Vodafone Kenya, potentially generating between KES 240.5 billion and KES 244.5 billion. This divestment aims to fund the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund.
- The transaction values the stake with a 23.6% premium over the six-month volume weighted average price.
- Treasury Cabinet Secretary John Mbadi stated the proceeds will become seed capital for strategic national funds, supporting long-term economic planning.
- After the sale, Safaricom's ownership structure would be: Vodafone Kenya Limited – 55%, Government of Kenya – 20%, and Retail Investors – 25%.
- The proposal follows Safaricom's strong financial performance, including a net income rise of 52.1% to KSh 42.8 billion in its HY26 results.
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Family Bank Raises KES 8 Billion, Govt Sells Safaricom Stake, and Bolttech Acquires mTek - December 2025
Family Bank has successfully completed its private placement of ordinary shares, raising KES 8.004 billion in an oversubscribed round that exceeded its KES 6.090 billion target by 131%. In a separate deal, the Government of Kenya plans to sell a 15% stake in Safaricom PLC to Vodafone Kenya, which could generate between KES 240.5 billion and KES 244.5 billion. This divestment is aimed at funding the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund. Additionally, global insurtech firm Bolttech has acquired mTek, a Nairobi-based digital insurance platform. The acquisition will expand Bolttech's presence in East Africa and strengthen its embedded insurance capabilities.
