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Originally published by Techish Kenya
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December 8, 2025
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Safaricom’s Share Sale Explained: The KES 245B Vodacom Deal, 9 Key Conditions, and M-Pesa’s Future

Safaricom’s Share Sale Explained: The KES 245B Vodacom Deal, 9 Key Conditions, and M-Pesa’s Future

Kenya sells a 15% Safaricom stake to Vodacom for KES 245B. Here is what the deal means for investors, customers, and the economy...

✨ Key Highlights

Kenya is undergoing a significant corporate shake-up involving Safaricom, its most valuable company, as Vodacom acquires majority control through a KES 245 billion deal. This transaction sees the Kenyan government reduce its stake and receive substantial funds.

  • The Kenyan government is selling a 15% stake in Safaricom to Vodafone Kenya Limited for KES 204.3 billion, achieving a total cash inflow of KES 244.5-245 billion including advance dividends.
  • After the deal, Vodacom will hold 55% majority control of Safaricom, while the Government of Kenya will retain a 20% stake and public investors 25%.
  • The funds from the sale are earmarked for a National Infrastructure Fund and a Sovereign Wealth Fund, with nine key undertakings from Vodacom safeguarding Kenyan leadership, jobs, and the Safaricom brand and foundations.

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