Safaricom, led by Peter Ndegwa, wins central bank approval for 15% stake sale
Billionaires Africa | 23.01.2026 19:05
Safaricom, East Africa’s largest telecom operator led by Kenyan executive Peter Ndegwa, has received Central Bank of Kenya (CBK) approval to sell 15 percent of the government’s stake in the company. Officials describe the move as a practical measure to relieve rising public debt, making the $1.6 billion (Ksh206.4 billion) transaction a significant source of fiscal support.
