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Originally published by Capital Businessbusiness
March 20, 2026
7h ago
Vodacom–Safaricom deal leads East Africa M&A activity

The largest transaction was Vodacom’s acquisition of an additional 20 percent stake in Safaricom valued at $2.1 billion. The deal increased Vodacom’s shareholding to 55 percent. Kenya breaking news | Kenya news today |..
✨ Key Highlights
East Africa's M&A market showed sustained activity in 2025, with the Vodacom–Safaricom deal standing out as the largest transaction. The awards recognised top firms and advisers at the DealMakers AFRICA Annual Gala in Nairobi.
- The biggest deal involved Vodacom acquiring an additional 20 percent stake in Safaricom for $2.1 billion, increasing its holding to 55 percent.
- LeapFrog Investments' exit from Goodlife Pharmacy was the top private equity deal.
- DealMaker of the Year was awarded to Richard Harney for his advisory role in multiple transactions, including Diageo's divestment from East African Breweries.
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