Kenya Court Clears Safaricom Stake Sale to Vodacom

Kenya Court Clears Safaricom Stake Sale to Vodacom

Kenya's Court of Appeal lifted an order blocking the government's planned sale of a 15% stake in Safaricom to Vodacom, clearing the way for a KES204.3 billion, or about $1.6 billion, transaction.

Vodacom Completes $2.1 Billion Safaricom Stake Acquisition, Boosts East Africa Presence

Vodacom Group today announced the completion of its acquisition of an additional 20% effective stake in Safaricom PLC, following the staying of a conservatory order by the Court of Appeal of Kenya on 26 June 2026 and the fulfilment of all remaining conditions precedent. This means that Vodacom’s shareholding in Safaricom has increased to about 55%, allowing consolidation of one of Africa’s foremost telecommunications, financial services, and tec…

Vodacom buys State’s Safaricom stake days after court clears sale

The deal reshapes Safaricom’s ownership structure, leaving the Kenyan government with a 20 percent stake in the telecommunications giant.

Vodacom takes the reins at Safaricom in R35-billion deal

Vodacom Group has completed the acquisition of an additional interest in Safaricom, taking majority control.

CMA Approves Sale Of 15% Govt Stake In Safaricom To Vodafone: What Happens Next?

The Kenya Times ~ Trending, Breaking News and Videos CMA Approves Sale of 15% Govt Stake in Safaricom to Vodafone: What Happens Next? Vodafone Kenya Limited has secured regulatory approval to increase its control over Safaricom following a restructuring and share acquisition deal involving the Government of Kenya. In a public announcement published on June 29, the company said the Capital Markets Authority (CMA) had exempted it from making a man…

Court Suspends Injunction That Had Frozen Safaricom Stake Sale

The Court of Appeal has recently suspended High Court orders that had halted the Kenyan government’s planned sale of its 15% stake in Safaricom Plc, allowing the transaction to move forward as the legal battle over the deal continues. In a ruling, the appellate court granted an application by the National Treasury, the Ministry of … The post Safaricom Stake Sale Back on Track After Court of Appeal Ruling appeared first on TechTrendsKE.