Kenya Court Clears Safaricom Stake Sale to Vodacom
Kenya's Court of Appeal has cleared the way for the government to sell a 15% stake in Safaricom to Vodacom for $1.6 billion. The deal aims to raise capital for national infrastructure projects despite previous legal challenges regarding transparency.
Why it matters
This transaction significantly alters the ownership structure of a major telecommunications provider and impacts Kenya's national budget and infrastructure development.
Individuals Businesses Company Intelligence News African Capital Markets English Create an account Kenya Court Clears Safaricom Stake Sale to Vodacom BREAKING NEWS June 29, 2026 at 2:30 PM UTC TLDR Kenya’s Court of Appeal lifts order blocking government's sale of 15% stake in Safaricom to Vodacom, enabling a transaction worth about $1.6 billion, despite legal challenges. President William Ruto aims to raise funds for infrastructure projects in Kenya by reducing government ownership in Safaricom and allowing Vodacom to increase its stake to 55% Vodacom set to become sole owner of Vodafone Kenya by acquiring Vodafone International Holdings' 12.5% stake in addition to Safaricom shares. Kenya’s Court of Appeal lifted an order blocking the government’s planned sale of a 15% stake in Safaricom to Vodacom, clearing the way for a KES204.3 billion, or about $1.6 billion, transaction.
The report provides a factual account of a court ruling and the economic rationale behind the government's decision.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in