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Originally published by The Standard Business
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July 2, 2026
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Broke Treasury eyeing Sh244 billion in Safaricom sale deal

Broke Treasury eyeing Sh244 billion in Safaricom sale deal

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 is set to receive a significant financial boost of approximately Sh244.2 billion following the sale of a 15% stake in Safaricom to South Africa's Vodacom Group. This transaction marks a shift in control of the telecom giant, concluding an era of state dominance.

  • The deal injected Sh244.2 billion into the National Treasury.
  • Vodacom Group is the key acquirer, now holding 55% of Safaricom.
  • The transaction became effective on June 30, with Vodacom acquiring 6,009,814,200 ordinary shares.

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