Finance minister John Mbadi says the national treasury is confident the sale was lawful and will fight the judgment.
Browsing: Safaricom
Eleven weeks after Vodacom took control of Safaricom, a Kenyan court has undone the transaction.
Vodacom has cut its dividend payout policy to at least 65% of headline earnings, from at least 75% previously.
Airtel Money’s London listing will give investors a first clean benchmark for valuing African mobile money platforms.
Safaricom’s AGM on 31 July will formalise who really controls East Africa’s biggest operator.
Vodacom Group has completed the acquisition of an additional interest in Safaricom, taking majority control.
MTN and Vodacom together move over $1-trillion through mobile money – but their fintech playbooks are diverging.
Kenya’s high court has blocked the 15% Safaricom stake sale to Vodacom, pending a constitutional challenge.
Vodacom and MTN groups’ fintech arms now process a combined value of over $1-trillion/year in transactions.
Egypt and Safaricom drove a 22.9% jump in headline earnings as the South African business posted only modest growth.