The State is planning to offload a 15 percent stake in Safaricom to South Africa’s Vodacom Group in a deal that will raise Sh244.5 billion for the exchequer to ease dependence on debt to fund its budget deficit, the Business Daily has learnt.
The amount comprises Sh204.3 billion for the six billion shares to be sold at a price of Sh34 each and an advance dividend of Sh40.2 billion.
