Govt to receive Sh200bn Safaricom sale proceeds tomorrow
Mbadi said the proceeds will be deposited into the National Infrastructure Fund (NIF), which is held at the Central Bank of Kenya...
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The Kenyan government is set to receive over Sh200 billion from the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom. The funds are expected to be deposited into the National Infrastructure Fund on Friday, July 2nd.
- Sh200 billion expected from the Safaricom stake sale.
- The National Treasury Cabinet Secretary John Mbadi confirmed the transaction.
- The sale, which increases Vodacom's stake to 55 percent, will capitalize the National Infrastructure Fund for major infrastructure projects.
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Govt to Receive Sh200bn Safaricom Sale Proceeds Tomorrow - July 2026
The Kenyan government is set to receive over Sh200 billion from the sale of its 15 percent stake in Safaricom to South Africa's Vodacom, with funds expected to be deposited into the National Infrastructure Fund on Friday, July 2nd. Treasury Cabinet Secretary John Mbadi has separately assured Kenyans that the government remains committed to reducing Pay As You Earn (PAYE) tax, despite implementation delays. At the same time, the Nairobi Securities Exchange has appointed Tom Mulwa as its new chairman, effective July 13, 2026, succeeding Kiprono Kittony, ahead of the Safaricom transaction settlement.
