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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Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …
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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 …
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Mobile money subscriptions in Kenya increased by two million to reach 53.4 million in the third quarter of the 2025/26 financial year, highlighting continued expansion of the country’s digital payments ecosystem. According to the latest data from the Communications Authority of Kenya (CAK), subscriptions grew from 51.4 million in the …
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The Kenya Revenue Authority (KRA) has given individuals, companies, and government agencies 30 days to claim goods held at customs warehouses at JKIA or risk having them auctioned. In a gazette notice dated March 27, KRA stated that items stored at DHL JKIA and Forodha House will be treated as …
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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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Over half of the smartphones currently on the Safaricom network are Xiaomi devices, underscoring the Chinese brand’s rising influence in Kenya’s mobile phone market. The information was shared on Friday during the Nairobi launch of the Redmi Note 15 Series, which includes three models targeting users seeking affordability, performance, and …
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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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Chinese technology firm Huawei, in collaboration with Kenyan mobile operator Safaricom, on Friday unveiled a program to provide low-cost internet services to residents of Kenya’s Affordable Housing Program. Click here to join our WhatsApp Channel Feng Shen, Huawei’s key account director, said the initiative uses the company’s digital quick optical …
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The National Assembly has opened the public participation phase for the government’s proposal to offload a 15% shareholding in Safaricom PLC. The plan, outlined in Sessional Paper No. 3 of 2025, aims to raise about Sh244.5 billion but has sparked widespread criticism over alleged undervaluation and concerns about transparency. Click …
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The Lower Eastern Times Opening The Third Eye