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.
Continue Reading
Read the complete article from Techish Kenya
Part of the Day's Coverage
Safaricom Involved in KES 245B Stake Sale and M-PESA Service Updates - December 2025
The Government of Kenya has outlined nine conditions for Vodacom to acquire a 15% stake in Safaricom as part of a KES 245 billion deal giving Vodacom majority control. This divestment aims to raise between KES 240.5 billion and KES 244.5 billion for the National Infrastructure Fund and the Sovereign Wealth Fund. In separate service updates, Safaricom introduced a new confirmation step for M-PESA transactions via its SIM Toolkit, requiring users to re-enter the recipient's number to reduce wrong transactions. The company also introduced new promotional pop-ups within its M-PESA SIM Toolkit, offering discounted data and minutes bundles to users attempting to send money to Airtel Kenya.
