Safaricom sale deal concludes as broke Treasury eyes Sh244 billion

The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group...

✨ Key Highlights

The Kenyan National Treasury will receive a significant cash injection of Sh244.2 billion following the conclusion of a deal where Vodacom Group acquired a 15 per cent stake in Safaricom.

The National Treasury will receive Sh244.2 billion from the sale.
South Africa's Vodacom Group is the acquiring entity.
This transaction effectively hands majority control of Safaricom to foreign investors, increasing Vodacom's stake to 55 per cent, and ending an era of State dominance in the telecom giant. The deal became effective on June 30.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

Video

Kenya launches 'MICE' tourism drive to attract 5 million visitors by 2028

KTN News (Youtube)

23h ago

Video

Luxury cruise from China docks in Mombasa, bringing 717 tourists in first voyage

KTN News (Youtube)

23h ago

tech1d ago

Vodafone Kenya Completes Acquisition of Government’s 15% Safaricom Stake

Vodafone Kenya Limited has successfully acquired the Government of Kenya’s 15% stake in Safaricom, increasing its ownership to 55% and making it the majority shareholder. The transaction was finalized on 30 June 2026.

Tech Arena

📰 Read Full Story

top1d ago

Relief for Some Kenyans in the U.S as Court Blocks Trump's Orders on Citizenship

The U.S. Supreme Court has upheld birthright citizenship for children born in the United States to undocumented or temporary immigrant parents, rejecting an effort by President Donald Trump to alter this long-standing policy.

Kenyans

📰 Read Full Story

business1d ago

Vodacom acquires 15pc Govt’s stake in Safaricom after court ruling

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.

Capital Business

📰 Read Full Story