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Originally published by Nation Businessbusiness
February 25, 2026
3h ago
Mbadi tables Safaricom share sale documents
Proceeds will be ring-fenced in a new National Infrastructure Fund to finance bankable projects...
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has submitted key documents to Parliament regarding the proposed sale of 15% of the government's stake in Safaricom to Vodacom South Africa.
- The government aims to raise approximately Sh204 billion ($1.57 billion) from this partial divestiture.
- Key documents tabled include the Cabinet Memorandum, sale and purchase agreements, and the valuation agreement.
- Proceeds from the sale are earmarked for the establishment of a National Infrastructure Fund to finance commercially viable projects.
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