Airtel opens talks for sale of 30pc stake to Kenyans

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Airtel Africa Group CEO Segun Ogunsanya. FILE PHOTO | DIANA NGILA | NMG

Airtel Kenya is seeking Kenyan investors to buy a 30 percent stake in the telecoms operator ahead of the March 2024 deadline of complying with revised ownership rules that are meant to encourage local ownership of ICT firms.

This signals that the firm is not keen to seek a waiver or an extension of time for compliance as it mulls over listing the stake on the Nairobi Securities Exchange (NSE) as an alternative.

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