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.