The deal has dragged on, putting the State in line to receive a Sh16 billion dividend from the 15 percent stake if Kenya remains with full ownership of 35 percent into August.
By
Sam Kiplagat
Court Reporter
Nation Media Group
The government has moved to the Court of Appeal seeking to lift orders that froze the sale of a 15 percent stake in Safaricom Plc to the parent firm, Vodacom Group Limited, warning that the delay threatens a multi-billion-shilling transaction and could undermine investor confidence.
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