Dec 06, 2025 | Posted by Abdul-Rahman Oladimeji
Vodacom announced today (December 4) it had reached a deal with the Government of Kenya to spend $2.1 billion to acquire a 15 percent stake in Safaricom PLC and an additional five percent from Vodafone.
If the deal is approved and receives regulatory approval, Vodacom will increase its stake in Safaricom from 35 to 55 percent.
“This landmark transaction will mark a pivotal step in Vodacom’s journey to accelerate growth and deepens our impact across Africa,” said Shameel Joosub, CEO of Vodacom Group.
“Acquiring a controlling stake in Safaricom strengthens our position as a market leader, while at the same time unlocks new opportunities to drive digital and financial inclusion at scale in Kenya and Ethiopia. Safaricom’s outstanding track record and differentiated growth outlook perfectly complement our Vision 2030 ambitions, empowering us to deliver sustainable value for all stakeholders and to connect millions more people for a better future."
