Govt to receive Sh200bn Safaricom sale proceeds tomorrow
The Kenyan government expects to receive Sh200 billion from the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom. The funds will be deposited into the National Infrastructure Fund following the lifting of legal blocks on the transaction.
Why it matters
This significant capital injection into Kenya's infrastructure fund marks a major shift in the government's telecommunications ownership and fiscal strategy.
Listen NAIROBI, Kenya, July 2 – National Treasury Cabinet Secretary John Mbadi says the government expects to receive more than Sh200 billion on Friday from the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom.
The article reports on a financial transaction using neutral, factual language without editorializing.
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