Safaricom
June 2026 · KenyaBlock trade executed on the Nairobi exchange on 30 June 2026; the High Court voided the sale on 15 September 2026 (inadequate public participation, a 'disguised takeover') and ordered the shares returned to the State. The State and Vodacom have appealed.
Activity : Telecom operators and ISPs
Instrument : Purchase of 15% from the Kenyan State at KSh 34 per share (KSh 204.3bn), plus KSh 40.2bn for rights to future dividends on the remaining 20%; Vodacom's stake raised to 55%
Kenya's largest telecoms operator, M-PESA platform.
Why they invested
- Group taking control of a subsidiary
Source : techcabal.comN2 · Cross-checked (2+ outlets) · Other sources : Bloomberg, Dawan Africa