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Originally published by The Standardtop
March 13, 2026
17h ago
MPs approve sale of Safaricom shares as new safeguards are introduced

MPs have given the nod to the government’s sale of its 15 per cent stake in Safaricom PLC to Vodacom Group..
✨ Key Highlights
Kenyan lawmakers have approved the government's plan to sell its 15% stake in Safaricom PLC to Vodacom Group, a deal anticipated to generate over Sh204 billion for infrastructure projects.
- The sale is expected to raise over Sh204 billion.
- Key players include the National Assembly, Safaricom PLC, and Vodacom Group.
- New safeguards have been introduced, including a commitment that no current Safaricom employees will be made redundant and the preservation of its current business model for dealers and agents for at least 10 years.
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