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Originally published by Nation Business
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business
February 25, 2026
3h ago

Mbadi tables Safaricom share sale documents

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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