Government Sells 15% Safaricom Stake to Vodacom for KSh 244B - December 2025

The Kenyan government plans to sell 15% of its stake in Safaricom to Vodacom, a move involving over 6 billion shares held by the National Treasury. The sale is expected to raise KSh 244 billion, with Sh245 billion from the proceeds planned for funding new roads and dams. The transaction has caused debate, with Kiharu MP Ndindi Nyoro claiming the government's shares are undervalued. Treasury Cabinet Secretary John Mbadi refuted Nyoro's claims regarding the sale. Another story noted that CS John Mbadi explained why Sh15 billion was "surrendered" in the race for Safaricom dividends.