Kenyan lawmakers question Safaricom valuation ahead of stake sale
Vodacom’s plan to acquire a controlling stake in Kenya’s Safaricom has attracted fierce scrutiny, with MPs calling for a rethink to secure a fair price and protect against foreign interference…
This article includes:
- Themes: Capital expenditure; Corporate governance; Divestment; Foreign interference; Market valuation; Mobile money; Regulatory approval; Shareholder transactions; Stake sale; Strategic investment.
- People: Elizabeth Kalunda; John Mbadi; Kamau Thugge; Ndindi Nyoro; Peter Ndegwa.
- Geographic: Ethiopia; Kenya; Nairobi; South Africa.
- Organisations: Airtel Kenya; Central Bank of Kenya; Equity Group Holdings; Fund Managers Association; Helios Investment Partners; ICPAK; Kenya Association of Stockbrokers and Investment Banks; Nairobi Securities Exchange; Safaricom; Safaricom Dealers Association; Telkom Kenya; Vodacom; Vodafone Group.
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