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Originally published by The Standard BusinessMarch 16, 2026
3h ago
State faces new hurdle in meeting Safaricom stake sale conditions
The National Treasury is facing growing pressure to meet strict parliamentary conditions required for the sale of a 15 per cent stake in telecoms giant Safaricom to South Africa’s Vodacom...
✨ Key Highlights
The Kenyan National Treasury faces significant challenges in meeting parliamentary conditions for the sale of a 15 percent stake in Safaricom to South Africa's Vodacom by the April 1 deadline.
- The deal is valued at Sh244.2 billion.
- Parliament approved the sale with strict conditions, including a permanent ban on job cuts related to the acquisition.
- Other conditions include protecting Safaricom's local dealers and agents for 10 years and allocating all proceeds to a new National Infrastructure Fund.
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