On June 30, 2026, Vodacom Group of South Africa finalized the acquisition of a 15 percent stake in Safaricom Plc, marking the largest transaction in the history of the Nairobi Securities Exchange. This deal has raised concerns as it is reported that KES 437 billion was left unclaimed, and the CEO of Safaricom has remained silent throughout the process, according to Kenya Insights.

Vodacom has gained majority control of Safaricom, acquiring a 55% stake in the company. This development comes alongside the Communications Authority's decision to penalise telecommunications companies for subpar service. Additionally, MTN has stated that protests regarding migration have not affected its operations, according to Techpoint Africa.

On June 30, 2026, Vodacom Group finalized its acquisition of a 15 percent stake in Safaricom Plc, marking the largest transaction in the history of the Nairobi Securities Exchange. This deal concluded despite efforts from courts and petitioners to delay it, raising concerns among the public regarding the implications of the sale and the lack of communication from Safaricom's CEO.

Treasury Cabinet Secretary John Mbadi has explained the government's decision to reduce its stake in Safaricom from 35 percent to 20 percent, stating that the government was already a minority shareholder prior to this transaction. He addressed the press on July 4, defending the move as part of the government's strategy regarding its investment in the telecommunications company.

Mbadi defended the sale of Safaricom's stake, stating that the proceeds will be used to fund infrastructure projects rather than the budget. He responded to opposition criticism by asserting that the divestiture was a planned policy decision made in compliance with the law, following the Court of Appeal's lifting of conservatory orders that had previously paused the transaction.

The Central Bank of Kenya (CBK) has secured Sh29.2 billion from a tap sale of Treasury bonds in June, contributing to a total of Sh31 billion in bids as the government approaches the end of its domestic borrowing program for the 2025/26 financial year. This move comes amid increasing funding pressures.