Vodacom and the World Bank have wired a combined Sh337.6 billion into government accounts, helping lift Kenya’s foreign exchange reserves to a record $15.4 billion (Sh1.99 trillion), new data shows.
The government received $1.86 billion (Sh240.5 billion) from the sale of a 15 percent stake in Safaricom and a $750 million (Sh97.1 billion) from the World Bank after the multilateral lender unfroze the billions.
