Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its ownership in Kenya’s leading telecommunications company to approximately 55% and taking control of the business. The South African telecommunications giant confirmed that the transaction, valued at $2.1 billion (about R35 billion and approximately Ksh 272.4 billion), has been
The High Court has temporarily stopped the government’s planned sale of its 15 percent stake in Safaricom to Vodacom after issuing conservatory orders pending the hearing and determination of a constitutional petition challenging the transaction. A three-judge bench made up of Justices Francis Gikonyo, Roselyne Aburili and Tabitha Ouya ruled that the proposed deal raises
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