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
Safaricom has explained why some customers who transact tens of thousands of shillings on M-PESA every month still have relatively low Fuliza borrowing limits, saying transaction value alone does not determine how much a subscriber can access through the overdraft facility. The clarification came after a customer claimed on Facebook that despite transacting more than
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