Kenya & John Mbadi

Kenya: The Government of Kenya sold a 15% stake in Safaricom to Vodacom, retaining a 20% stake. The proceeds from this sale are earmarked for national infrastructure spending, including roads, energy systems, water infrastructure, and airports.

John Mbadi: As the Cabinet Secretary for Kenya's National Treasury, John Mbadi confirmed the lawful and transparent sale of a portion of the government's stake in Safaricom, with proceeds directed towards infrastructure development.

Kenya: The government of Kenya is selling a 15% stake in Safaricom Plc to Vodacom Group Ltd. for $2.1 billion, which helps raise much-needed revenue to address climbing debt-service costs and budget gaps. Kenya will retain a 20% stake in Safaricom.

John Mbadi: John Mbadi, Kenya's Cabinet Secretary for the National Treasury and Economic Planning, stated that the transaction enables Kenya to unlock capital without increasing the nation's debt.