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Mbadi: Cash raised from Safaricom shares sale to fund infrastructure

Treasury CS John Mbadi and Vodacom Group CEO Shameel Joosub after signing a long-term partnership to sale 15 per cent stake in Safaricom shares to Vodacom in Nairobi, on December 4, 2025. [Edward Kiplimo, Standard]

The government’s planned sale of a 15 per cent stake of its shareholding in Safaricom to Vodafone Kenya for Sh244.5 billion will help to raise money for critical infrastructure projects.

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