Topic
Kenya's High Court declared the government's sale of a 15% stake in Safaricom PLC to Vodacom Group unconstitutional, null and void, and ordered the shares restored to the state.
Safaricom Ethiopia crossed 15 million active subscribers five years after its licence, but M-Pesa Ethiopia adoption remains a fraction of that base.
Safaricom's appointment of two senior Vodacom executives is more than a routine board refresh. It shows how the telco's new majority ownership is beginning to shape governance.
Vodacom's reported 55 percent stake now comes with stronger board and executive influence over a company that carries Kenya's communications and money.
The record payout shows renewed confidence after years of Ethiopia investment. It also raises the question of how much cash Safaricom should return versus reinvest.
