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Originally published by Capital Business
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business
June 26, 2026
2h ago

Court clears Safaricom stake sale to Vodacom

Court clears Safaricom stake sale to Vodacom

NAIROBI, Kenya, June 27 – The Court of Appeal (CoA) has lifted conservatory orders that had suspended the government’s planned sale of a 15 percent stake in Safaricom to South…..

✨ Key Highlights

The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction.

  • The sale is valued at approximately Sh204 billion.
  • Key organizations involved include the Kenyan government, Safaricom, and Vodacom.
  • The proceeds from the sale are intended to be channeled into the National Infrastructure Fund and the Sovereign Wealth Fund.

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