Vodacom acquires 15pc Govt’s stake in Safaricom after court ruling
The acquisition increases Vodafone Kenya Limited's, a subsidiary of Vodacom, shareholding in Safaricom to 55 percent, while the government's stake falls to 20 percent from 35 percent. Public investors will continue to hold the remaining 25 percent of the listed telecommunications..
✨ Key Highlights
Vodacom has successfully acquired the Kenyan government’s 15% stake in Safaricom following a Court of Appeal ruling that lifted conservatory orders blocking the transaction.
- Vodafone Kenya Limited, a Vodacom subsidiary, now holds 55% of Safaricom.
- The Kenyan government’s stake in Safaricom has decreased from 35% to 20%.
- The deal, previously halted by the High Court due to constitutional concerns, is valued at approximately Sh204 billion.
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NIFC Certifies 15 Firms Eyeing Sh25.9bn Investment - July 2026
The Nairobi International Financial Centre (NIFC) has certified 15 new firms, signaling significant interest in Kenya's financial sector and a projected influx of foreign investment. Rock Investment Bank has separately acquired a 60 percent stake in Nabo Capital from Centum Investment Company, becoming the majority shareholder. Vodacom has successfully acquired the Kenyan government's 15% stake in Safaricom following a Court of Appeal ruling that lifted conservatory orders blocking the transaction. Additionally, British beverage maker Diageo has appointed John Musunga as its Africa MD, effective July 1, coinciding with plans to sell its majority stake in East African Breweries Plc (EABL).
