Kenya's government to sell more of its stake in Safaricom, finance minister says
The government aims to raise 149 billion shillings ($1.16 billion) in the 2025/26 financial year through the sale of stakes in companies it has share in, including selling more of its ownership of Safaricom, Mbadi told the Business Daily in an interview.
At present, the government owns a 35% stake in the operator after it sold a 25% stake in it via an initial public offering in 2008.
($1 = 129.0000 Kenyan shillings)
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