Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya misses out on Sh16bn as Safaricom stake sale closes
Vodacom Group CEO Shameel Joosub (left) and Treasury Cabinet Secretary John Mbadi exchange documents during the signing of an MoU related to the sale of government's 15 per cent stake in Safaricom in Nairobi on December 4, 2025.
South Africa's Vodacom has completed the purchase of an additional 15 percent stake in Safaricom ahead of the closure of the telco’s shareholder registry for dividend payment on August 4, denying the Treasury Sh16.1 billion in additional pay.
On Tuesday, Vodacom announced it had closed the share purchase, three days after the Court of Appeal lifted orders that blocked the State from transferring the stake to the South African telecoms giant.
