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Kenya: South Africa's Vodacom to Appeal Ruling Invalidating Safaricom Stake Sale

Africa 1 source 1 country 🔦 Under-reported 22m ago

South Africa's Vodacom Group has announced plans to appeal a recent Kenyan High Court ruling. The court decision declared null and void the Kenyan government's previous sale of a 15 percent stake in telecommunications company Safaricom.

The legal challenge centers on the contested transaction involving the significant government shareholding in Safaricom, one of Kenya's most prominent telecom operators. Vodacom's upcoming appeal initiates the next legal phase in the dispute over the validity of the stake sale.

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