Kenyan Govt Lists Nine Conditions for Vodacom's Safaricom Stake Acquisition

The Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. This divestment aims to raise between KES 240.5 billion and KES 244.5 billion for the National Infrastructure Fund and the Sovereign Wealth Fund. In other business news from Kenya, Access Bank Kenya and the National Bank of Kenya have launched the “W Initiative”, consolidating their offerings to close the funding gap for women-owned businesses by providing credit and market access. A new report also reveals that 70% of Kenyan adults view AI and automation as the biggest challenge for the education system due to fears of job obsolescence. Meanwhile, Zoho's Young Creators Program has been training individuals in Kenya and Uganda to build functional apps with low-code platforms and AI, with 150 participants trained across East Africa.