Kenya to use 15% Safaricom stake sale to fund infrastructure
Kenya’s government has sold a 15% stake in Safaricom to Vodacom Group for KSh244.5 billion, with Treasury Cabinet Secretary John Mbadi confirming that the entire amount will be channelled into critical infrastructure projects. Deal sealed in Nairobi Treasury Cabinet Secretary John Mbadi and Vodacom Group chief executive Shameel Joosub signed the agreement in Nairobi on…