The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group.

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.

Vodacom Group has successfully completed its R35 billion acquisition of a 20% stake in Safaricom, enhancing its control and paving the way for increased digital and financial…

JSE-listed Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom, increasing its shareholding to about 55% This followed the staying of a…

South Africa's Vodacom completes purchase of an additional 15 percent stake in Safaricom.

The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group.

The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group.

The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group.

Stockbrokers earn a commission of up to 1.78 percent for transactions below Sh100,000, with large deals such as the Vodacom transaction executed at a discounted rate.