Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …
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Safaricom’s Ziidi Money Market Fund (MMF) has posted a net profit of Sh784.2 million for the 14-month period ending December 31, 2025, supported by increased investor participation. Financial statements show the fund earned nearly Sh1 billion in income from a total of Sh14.7 billion invested by users, reflecting strong demand …
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Treasury and Economic Planning Cabinet Secretary John Mbadi has assured Kenyans that the government does not intend to keep increasing taxes to finance development projects. Speaking during a privatisation forum at Migori Teachers’ Training College (TTC), Mbadi said the government recognises that Kenyans are already heavily burdened and will therefore …
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Treasury Cabinet Secretary John Mbadi has justified the government’s choice to sell a stake in Safaricom to a strategic investor instead of offering the shares directly to Kenyan retail investors, saying a public sale would have reduced the share price and failed to deliver value for money. While appearing before …
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The Lower Eastern Times Opening The Third Eye