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Originally published by Capital Businessbusiness
March 3, 2026
2h ago
COMESA approves Safaricom stake sale to Vodacom
In its assessment, the regulator said the relevant markets in Kenya and across COMESA member states remain competitive and are not dominated by a single player as a result of the transaction. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The COMESA Competition and Consumer Commission (CCCC) has approved the sale of a 15 percent stake in Safaricom PLC to Vodacom Group, determining the transaction will not negatively impact competition within Kenya and the broader COMESA region.
- Vodacom Group's stake in Safaricom PLC will increase to 55 percent from 40 percent.
- The deal involves the Kenyan government selling its stake, raising approximately Sh204.3 billion.
- The CCCC found that relevant markets remain competitive and are not dominated by a single player post-transaction.
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