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flag Kenya sold 15% of Safaricom to Vodacom for $2.2 billion, boosting Vodacom’s stake to 55% and funding infrastructure without debt.

flag Kenya sold a 15% stake in Safaricom to Vodacom for Sh244.5 billion, increasing Vodacom’s ownership to 55% and giving it control of the telecom giant. flag The government reduced its stake from 35% to 20%, retaining board representation, while proceeds will fund infrastructure projects without raising taxes or debt. flag Vodacom paid a 23.6% premium and an additional Sh40.2 billion for future dividend rights. flag The deal, pending regulatory approvals, reflects Kenya’s strategy to divest state assets amid fiscal pressures. flag Safaricom, home to the M-Pesa mobile money platform, remains a key national asset with strong growth in fintech and expansion into Ethiopia.

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