Government Lists Nine Conditions Vodacom Must Meet Before Buying Safaricom Stake
The Government of Kenya has outlined nine conditions that Vodacom must meet before it acquires a 15 percent stake in Safaricom...
✨ Key Highlights
The Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. 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.
- The Government insists the transaction is a shareholder level adjustment, not impacting Safaricom's operations or relationships with Kenyan consumers, suppliers, or employees.
- Key conditions include: no employee redundancies, continued support for Safaricom Foundation, mandatory consultation for regional expansion, and ensuring the Chairman and CEO are always Kenyan citizens.
- The new ownership structure, if approved, would see Vodafone Kenya Limited hold 55%, the Government of Kenya 20%, and retail investors 25%.
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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.
