Appeals Court Lifts Order Blocking Safaricom Stake Sale to Vodacom

The Kenyan government's bid to sell its 35% stake in Safaricom to Vodacom has taken a significant turn after the Appeals Court lifted an order blocking the sale. The court's decision is seen as a major boost to the government's efforts to raise funds to pay off a Ksh. 242 billion loan debt.

In November 2025, the government had announced plans to sell its stake in Safaricom to Vodacom for Ksh. 523 billion. However, the sale was blocked by the court after a group of investors challenged the deal, citing concerns that the government was selling its stake at a loss.

But on Friday, June 25, the Appeals Court ruled in favour of the government, lifting the order blocking the sale. The court's decision is seen as a major victory for the government, which has been struggling to pay off its debt.

Safaricom, which is Kenya's largest telecoms company, is a jewel in the government's crown, and the sale of its stake will be a major source of revenue for the government. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

The government had been trying to raise funds to pay off its debt, which has been estimated at Ksh. 242 billion. The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances.

In a statement, a government spokesperson said that the decision was a major boost to the government's efforts to raise funds to pay off its debt. 'We are pleased with the court's decision, which will enable us to raise the necessary funds to pay off the government's debt,' the spokesperson said.

The sale of Safaricom's stake is expected to be completed soon, and will be a major source of revenue for the government. The government has been trying to raise funds to pay off its debt for several years, and the sale of Safaricom's stake will be a major boost to its efforts.

In a move that has sent shockwaves through the Kenyan business community, the government has been trying to raise funds to pay off its debt for several years. The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances.

The Kenyan government has been struggling to pay off its debt, which has been estimated at Ksh. 242 billion. The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances.

Safaricom, which is Kenya's largest telecoms company, is a jewel in the government's crown, and the sale of its stake will be a major source of revenue for the government. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

In a statement, a government spokesperson said that the decision was a major boost to the government's efforts to raise funds to pay off its debt. 'We are pleased with the court's decision, which will enable us to raise the necessary funds to pay off the government's debt,' the spokesperson said.

The Kenyan government has been trying to raise funds to pay off its debt for several years, and the sale of Safaricom's stake will be a major source of revenue for the government. The government has been under pressure to pay off its debt, which has been estimated at Ksh. 242 billion.

Safaricom's stake is expected to be sold for Ksh. 523 billion, which will be a major source of revenue for the government. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

In a surprising move, the Appeals Court ruled in favour of the government, lifting the order blocking the sale. The court's decision is seen as a major victory for the government, which has been struggling to pay off its debt.

The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

A spokesperson for Vodacom said that the company was pleased with the court's decision. 'We are pleased with the court's decision, which will enable us to proceed with the acquisition of Safaricom's stake,' the spokesperson said.

The sale of Safaricom's stake is expected to be completed soon, and will be a major source of revenue for the government. The government has been trying to raise funds to pay off its debt for several years, and the sale of Safaricom's stake will be a major boost to its efforts.

The Kenyan government has been struggling to pay off its debt, which has been estimated at Ksh. 242 billion. The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances.

Safaricom's stake is expected to be sold for Ksh. 523 billion, which will be a major source of revenue for the government. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

In a surprise move, the Appeals Court ruled in favour of the government, lifting the order blocking the sale. The court's decision is seen as a major victory for the government, which has been struggling to pay off its debt.

The sale of Safaricom's stake will be a major source of revenue for the government, and is expected to help alleviate some of the pressure on the government's finances. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

The Kenyan government has been trying to raise funds to pay off its debt for several years, and the sale of Safaricom's stake will be a major source of revenue for the government. The government has been under pressure to pay off its debt, which has been estimated at Ksh. 242 billion.

The sale of Safaricom's stake is expected to be completed soon, and will be a major source of revenue for the government. The company's shares have been rising in recent days, and the sale is expected to be a major boost to the company's stock price.

In a surprising move, the Appeals Court ruled in favour of the government, lifting the order blocking the sale. The court's decision is seen as a major victory for the government, which has been struggling to pay off its debt.

Safaricom Stake Sale Timeline

• November 2025: The government announces plans to sell its 35% stake in Safaricom to Vodacom for Ksh. 523 billion.
• December 2025: A group of investors challenges the deal, citing concerns that the government is selling its stake at a loss.
• June 2026: The Appeals Court lifts the order blocking the sale of Safaricom's stake to Vodacom.