Why Kenya kept retail investors out of its biggest Safaricom sale yet
TechCabal | 04.12.2025 18:10Kenya’s decision to sell a 15% stake in Safaricom directly to Vodafone for KES 204.3 billion ($1.57 billion) from the share sale itself, rising to KES 244.5 billion ($1.88 billion) after an added upfront dividend payment, is locking out retail and institutional local investors from the largest equity transaction in the country’s history, reopening an old debate about who gets access to state asset sales.
