Court rules Monday on State’s 15pc Safaricom stake sale

 Safaricom PLC headquarters in Westlands, Nairobi.

Photo credit: File | Nation Media Group

The High Court is expected to make a ruling on Monday on whether the government's planned sale of a 15 percent stake in Safaricom Plc to parent firm Vodacom Group Limited will proceed.  

The South African multinational made the disclosure to investors last week, while noting that it expected a rapid close to the transaction should the court give a favourable ruling.

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