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Originally published by Capital Business
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business
January 16, 2026
6h ago

Safaricom dealers warn against state stake sale to Vodacom

Safaricom dealers warn against state stake sale to Vodacom

The government is in the final stages of selling a 15 percent stake in Safaricom to Vodacom Group, subject to regulatory and parliamentary approvals. If approved, the State’s 6 billion shares would be sold at Sh34 per share, raising about Sh204.3 billion. Kenya breaking news | ..

✨ Key Highlights

The Safaricom Dealer Association has cautioned the Kenyan government against selling a 15 percent stake in Safaricom to Vodacom Group, fearing it could undermine Safaricom's dealer-based distribution model. The government plans to sell 6 billion shares at Sh34 per share, raising approximately Sh204.3 billion.

  • The proposed sale involves 15 percent of Safaricom's stake to Vodacom Group for about Sh204.3 billion.
  • The Safaricom Dealer Association is concerned about potential changes to Safaricom's shared prosperity model, contrasting it with Vodacom's more centralised approach in other markets.
  • Dealers warned of possible management changes, reviews of existing contracts, and job losses, urging the government to safeguard agreements and ensure dealer representation.

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