The people of Kenya have been bombarded with rumours and speculation about the government selling its stake in Safaricom Plc to South Africa ever since the government decided to reduce its ownership in the company. Nevertheless, the facts show numerous false statements regarding the issue. As far as the transaction goes, the Government of Kenya
The Vodacom Group, South Africa’s telecommunications group, has formally assumed majority ownership of Safaricom after buying out a stake worth Ksh 244.5 billion ($2.1 billion), taking its effective ownership to 55%, the largest ownership change in the telecommunications giant’s history. The acquisition transaction, which took place on June 30, 2026, was preceded by months of
The ownership of Safaricom has evolved since its establishment in 1997, moving from a state-owned telecommunications company to a publicly listed firm with both local and international shareholders. The latest change came after the Kenyan government sold its 15 % shares to Vodacom Group, making the South African telecom company Safaricom’s largest shareholder with a
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