Kenya's largest telecom, Safaricom, now has a new majority owner: Vodacom. On Tuesday, Vodacom completed the acquisition of an additional 20% stake, raising its total to 55%, and giving the South African telco controlling ownership.

Abay Bank, a mid-tier Ethiopian lender, has listed on the country's stock exchange, becoming only the fifth company to do so.

The pan-African telecom operator's shareholding in Safaricom has increased to 55%, enabling consolidation of its telecoms, financial services and technology businesses.

The deal reshapes Safaricom’s ownership structure, leaving the Kenyan government with a 20 percent stake in the telecommunications giant.

All conditions precedent to the transaction have now been fulfilled or waived