Delegates attend a recent financial presentation at Safaricom’s headquarters in Nairobi, Kenya. Monicah Mwangi/Reuters Kenya’s government will appeal the court ruling that ordered the cancellation of the deal in which it sold an extra 15% stake in Safaricom to Vodacom, finance minister John Mbadi said on Wednesday. Mbadi said he was confident the transaction followed…
Kenya’s High Court has declared the government’s sale of a 15% equity stake in Safaricom to South Africa’s Vodacom Group unconstitutional, ordering the shares restored to the state. The ruling nullifies the December transaction that would have increased Vodacom’s controlling interest in East Africa’s largest telecommunications provider to 55%, while reducing the Kenyan Treasury’s holding…
A building on Vodacom’s campus in Midrand, Johannesburg Kenya’s high court has declared the government’s sale of a 15% stake in Safaricom to Vodacom unconstitutional, null and void, and ordered the shares restored to the state — 11 weeks after the transaction closed and handed the South African group control of Kenya’s most valuable listed…
Bob Collymore – image c/o Safaricom Shareholders of Kenyan telecommunications firm Safaricom are due to vote on whether to give Vodafone Kenya the right to nominate the company’s CEO once it holds more than 50% of Safaricom’s shares, Safaricom said on Wednesday. Vodacom, which held an effective 39.9% of Safaricom through its majority-owned subsidiary Vodafone…
Giraffe against the Nairobi skyline in Kenya Vodacom Group has completed the acquisition of an additional 20% effective interest in Safaricom, lifting its holding in the Kenyan operator from about 35% to roughly 55% and handing the South African group majority control for the first time since Safaricom listed in 2008. The transaction closed after…
Vodacom Group has moved to cement its dominance in East Africa with a massive R36-billion ($2.1 billion) transaction that will give it a controlling interest in Safaricom, one of the continent’s most valuable telecommunications and fintech players. Read: Epson CO-W01 Projector Review: Project Success The Johannesburg-headquartered group announced on Thursday that it has reached an…
Vodacom Group CEO Shameel Joosub Vodacom Group has moved to cement its position in East Africa with a R36-billion transaction that will see it take majority control of Safaricom, one of the continent’s most valuable telecommunications operators and fintech players. The Johannesburg-headquartered group said on Thursday it has reached an agreement with the government of…
