Tag Archives: Safaricom stake sale

The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …

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 …