Kenya's government to sell more of its stake in Safaricom, finance minister says
NAIROBI: Kenya's government plans to sell more of its shareholding in telecom operator
Safaricom
, Finance Minister
John Mbadi
was cited as saying in Kenyan newspaper Business Daily on Monday.
The government aims to raise 149 billion shillings ($1.16 billion) in the 2025/26 financial year through the sale of stakes in companies it has share in, including selling more of its ownership of Safaricom, Mbadi told the Business Daily in an interview.
At present, the government owns a 35% stake in the operator after it sold a 25% stake in it via an initial public offering in 2008.
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