49 h. ago Kenya Sells $1.6bn Safaricom Stake, Hands Vodacom Control as Ruto Hunts Cash to Ease Fiscal Strain

Kenya Sells $1.6bn Safaricom Stake, Hands Vodacom Control as Ruto Hunts Cash to Ease Fiscal Strain  Tekedia

Politics

3 d. ago Mbadi: How Kenya Plans to Spend the Ksh244.5B Safaricom Stake Windfall

The government plans to sell a 15% stake in Safaricom to Vodacom Group Limited for Ksh.244.5 billion, the telco has announced. The stake, equivalent to 6,009,814,200 ordinary shares priced at Ksh.34 each, will reduce the State’s ownership in Safaricom from 35% to 20%. In addition to acquiring the government’s stake, Vodacom will buy a 5% interest from Vodafone International Holdings, raising its total shareholding in Safaricom from 35% to 55%. This gives Vodacom majority control for the first time since Safaricom’s listing in 2008. The government share acquisition links to an internal reorganisation where Vodacom will acquire Vodafone International Holdings The post Mbadi: How Kenya Plans to Spend the Ksh244.5B Safaricom Stake Windfall appeared first on Nairobi Wire.

Politics

4 d. ago Kenya to sell 15% Safaricom stake to Vodacom, hand over majority control

Kenya to sell 15% Safaricom stake to Vodacom, hand over majority control  The Africa Report

Politics

4 d. ago Govt makes Sh244.5bn after selling 15pc stake in Safaricom divestment

NAIROBI, Kenya, Dec 4 – The government has offloaded a 15 per cent stake in Safaricom, unlocking Sh244.5 billion in proceeds as part of its plan to finance major infrastructure projects. Under the transaction, Vodacom Group will also acquire Vodafone Kenya’s entire shareholding, consolidating its control and raising its total stake in Safaricom to 55 […] The post Govt makes Sh244.5bn after selling 15pc stake in Safaricom divestment appeared first on The DailyMail- Kenya.

Politics

4 d. ago South Africa telecoms giant Vodacom to take control of Kenya's Safaricom

South Africa telecoms giant Vodacom to take control of Kenya's Safaricom  Yahoo Finance

Politics

4 d. ago Vodafone to acquire majority control of Kenya's Safaricom in $1.6bn deal

Vodafone to acquire majority control of Kenya's Safaricom in $1.6bn deal  TRT Afrika

Politics

4 d. ago Vodacom wants to take control of Kenya’s Safaricom in mega deal

Vodacom wants to take control of Kenya’s Safaricom in mega deal  News24

Politics

4 d. ago Vodacom Bets $2.1 Billion for Control of Kenya’s Telecom Crown Jewel, Safaricom

Vodacom Bets $2.1 Billion for Control of Kenya’s Telecom Crown Jewel, Safaricom  TechFinancials

Politics

4 d. ago Kenya to net $1.57bn as Vodafone moves for Safaricom control

Kenya to net $1.57bn as Vodafone moves for Safaricom control  TechCabal

Politics