MPs Approve Safaricom 15% Stake Sale to Vodacom, Raising Over Sh204 Billion for Infrastructure
Members of Parliament have cleared the way for the government to sell its 15% stake in Safaricom PLC to Vodacom Group. The deal should raise over Sh204 billion, providing a massive boost for national infrastructure projects. The House Public Debt and Privatization Committee, alongside the Finance Committee, recommended the transaction and directed that the money…