Kenya: Court Clears Safaricom Stake Sale to Vodacom

▤ Summary

A Kenyan court has cleared the government’s planned sale of a 15% Safaricom stake to Vodacom. The transaction had been paused over disputes tied to data sovereignty, public participation, and constitutional concerns. The government now expects to move ahead with the divestiture and channel the proceeds into the National Infrastructure Fund and Sovereign Wealth Fund. The ruling removes a major legal barrier and allows the partial sale to proceed through the Nairobi Securities Exchange block trade platform.

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