Mbadi, Kenya's Cabinet Secretary, stated that the proposed Vodacom deal for Safaricom shares offers shareholders superior value compared to selling on the Nairobi Securities Exchange (NSE). The government opted against a second Safaricom IPO due to concerns over market saturation and a need for foreign currency inflow.

• The government will receive Sh204.3 billion from selling 6.01 billion shares, reducing its ownership from 35% to 20%.
• The Cabinet Secretary, Mbadi, cited the upcoming market introduction of the Kenya Pipeline Company (KPC) as a reason to avoid market destabilization.
• Vodafone Kenya will pay an upfront Sh40.2 billion for the right to collect dividends on the government's remaining 20% stake.