Kenya to Sell Part of 35% Stake in Safaricom to Raise Part of $1.16bn

Kenya’s Safaricom stake sale: what it means for its digital future

Kenya’s government has disclosed plans to divest a portion of its 34.9% stake in Safaricom,the country’s largest telco and East Africa’s tech juggernaut, aiming to raise KSh149 billion ($1.16 billion) to fund the 2025/26 national budget by offloading stakes in 11 state-owned enterprises. While this move is primarily a fiscal strategy, it carries significant implications for Kenya’s tech ecosystem, potentially reshaping the landscape of innovatio…

Kenya to sell part of 35% stake in Safaricom to raise part of $1.16bn

After selling 25% of its stake in Safaricom in 2008, Kenya wants to sell more of what's left of its 35% as part of efforts to raise over $1 billion in the 2025/26 fiscal year, continuing its privatisation agenda.

How to invest in Ziidi Money Market Fund By Safaricom

Ziidi Money Market Fund (Ziidi MMF) by Safaricom is an investment platform that is accessible by Safaricom M-PESA customers. Safaricom M-PESA customers are able to invest in Ziidi MMF from as low as Ksh. 100 from their M-PESA and earn daily interest. The platform was launched formally by Safaricom as part of M-PESA 18 year […] The post How to invest in Ziidi Money Market Fund By Safaricom appeared first on HapaKenya.

Safaricom Shares Dip Ahead of Planned Government Stake Sale

Safaricom closed trading on Monday at Ksh.19.85 per share on the Nairobi Securities Exchange (NSE), reflecting a marginal 0.25% decline from its previous closing price of Ksh.19.90. The dip comes amid heightened investor attention following the government’s announcement that it plans to sell an unspecified portion of its 34.9% stake in the telecom giant. The … The post Safaricom Shares Dip Slightly Ahead of Planned Government Stake Sale first ap…

The Kenyan government plans to sell a significant part of its stake in the telecom operator Safaricom by June 2026, as part of a vast privatisation plan to raise approximately 149 billion Kenyan shillings, or more than one billion USD, said Finance Minister John Mbadi on Monday. This operation would be the most important...

Why Kenya is selling part of its 34.9% stake in Safaricom

Kenya plans to offload an undisclosed portion of its 34.9% stake in Safaricom, the region’s most profitable company, as part of a privatisation push to raise $1.1 billion (KES149 billion) to plug a hole in public finances and avoid imposing new taxes amid a tough economy.  The planned transaction, expected before the end of the 2025/26 fiscal year, would mark the government’s biggest divestiture in nearly two decades and a reversal of its previo…