The Kenyan government has announced plans to sell part of its 34.9% stake in Safaricom, the country’s most profitable company, in a bid to raise Sh149 billion for budgetary support and to ease pressure on public debt. The planned offload, disclosed in the draft Budget Policy Statement and confirmed by Treasury insiders, is part of a broader strategy to monetize state assets and plug a widening fiscal hole ahead of the 2025/26 budget. With Safaricom’s current market capitalization hovering around Sh800 billion, the .......
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