The Government of Kenya sold 6,009,814,200 Safaricom shares (15%) to Vodafone Kenya Limited, a Vodacom subsidiary, at KSh34 a share (KSh204.3bn), plus KSh40.2bn in lieu of future dividends on its retained holding, about KSh244.5bn in all. The sale completed on 6 July 2026. On 15 September the High Court declared the sale unconstitutional, null and void and ordered the shares restored; on 13 October the Court of Appeal refused to stay that judgment pending appeal.
Advisers: not disclosed.
Sources: The Standard; Innovation Village.
