Mbadi: Cash Raised From Safaricom Shares Sale to Fund Infrastructure

Mbadi: Cash raised from Safaricom shares sale to fund infrastructure

The government’s planned sale of a 15 per cent stake of its shareholding in Safaricom to Vodafone Kenya for Sh244.5 billion will help to raise money for critical infrastructure projects.

Ndindi Nyoro accepts CS Mbadi's public debate challenge over Safaricom share's sale: "I'm ready"

Kiharu MP Ndindi Nyoro accepts Treasury CS Mbadi's debate challenge over Safaricom's stake sale, citing risks of undervaluation and urging for better deals.

Ndindi Nyoro Is Wrong About Safaricom Shares Sale | Treasury CS John Mbadi

Cabinet Secretary for the National Treasury and Economic Planning of Kenya John Mbadi sets the record straight on the Government’s plan to sell 15% of its stake at Safaricom for a reported fee of KSh244.5 billion.

Why State Sidelined Kenya in Ksh.244BN Safcom Shares Offload

Kenya’s decision to offload a 15% stake in Safaricom to Vodafone for Ksh.204.3 billion ($1.57 billion), rising to Ksh.244.5 billion ($1.88 billion) after an added upfront dividend payment, sidelined both retail and institutional local investors from what is now the largest equity transaction in the country’s history. The move has revived longstanding concerns about transparency … The post Why State Sidelined Local Investors in a Ksh.244 Billion …