C
Originally published by Capital Businessbusiness
September 16, 2026
3h ago
Govt to appeal nullification of Safaricom stake sale to South Africa’s Vodacom
Treasury Cabinet Secretary John Mbadi said the Government followed due process, including obtaining approval from Cabinet and Parliament, before selling part of its shareholding in the telecommunications company...
✨ Key Highlights
The Kenyan Government plans to appeal a High Court ruling that nullified the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom Group.
- The sale was valued at approximately Sh204 billion.
- Treasury Cabinet Secretary John Mbadi stated the government followed due process and is confident in its legal standing.
- The High Court declared the transaction unconstitutional, ordering the stake to revert to the state, a decision Vodacom also intends to appeal.
Continue Reading
Read the complete article from Capital Business
Advertisement
Related News
Advertisement