Kenyan MPs have approved the sale of a 15 percent government stake in Safaricom to South Africa's Vodacom, paving the way for the National Treasury to receive approximately Sh240 billion.

• The transaction is set to generate Sh200 billion from the sale of shares, plus an upfront payment of Sh40.2 billion in lieu of future dividends.
• This parliamentary approval, achieved via acclamation despite a protest from Suba South MP Caroli Omondi, allows the transaction to proceed from April 1, 2026.
• Under the approved deal, Vodacom's stake in Safaricom will increase to 55 percent, with job protection commitments for Safaricom staff and retention of a Kenyan chairperson and independent directors.