
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.
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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.
Kenya Insights·July 1, 2026 at 8:08 AM
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.
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