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.
Continue Reading
Read the complete article from Nation Business
Part of the Day's Coverage
Treasury Moves to Tame Predatory Digital Lenders - February 2026
The Kenyan National Treasury is implementing new measures to regulate predatory digital lenders, aiming to protect consumers from exorbitant interest rates and unethical practices. At the same time, 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. Additionally, Naphtaly Kipchirchir Rono has been appointed the new Director-General of the Financial Reporting Centre (FRC) for a six-year term. Separately, Pesalink, Kenya's instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to streamline cross-border payments across Africa.
