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Originally published by Capital Businessbusiness
June 30, 2026
6h ago
Sh206bn Safaricom stake sale to proceed after CMA’s nod
The exemption allows Vodafone Kenya to proceed with the acquisition of 6.01 billion ordinary shares in Safaricom from the Government of Kenya, equivalent to a 15 percent stake in the telecommunications company...
✨ Key Highlights
The Capital Markets Authority (CMA) has granted Vodafone Kenya Limited (VKL) an exemption, allowing a major Sh206 billion shareholding transaction in Safaricom PLC to proceed.
- An estimated Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC shares.
- Key organizations involved include Vodafone Kenya Limited (VKL) and the Capital Markets Authority (CMA).
- The deal will see VKL increase its stake in Safaricom to 55 percent.
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