Storyline
Court Nullifies Vodacom-Safaricom Deal
Timeline
- Fri, Sep 18LatestUnverified — not yet reviewed
Kenya's High Court Ruling Voiding Vodacom's Safaricom Stake Faces Appeals From Both Parties
A Kenyan court has formally nullified the transfer of a 15 percent stake in Safaricom to Vodacom, a transaction reported as worth between $1.5 billion and $2.1 billion, in a ruling described as a constitutional landmark for African telecoms governance. Both Vodacom and the Kenyan government have announced plans to appeal, keeping the landmark ownership and regulatory dispute live.
- Thu, Sep 17Unverified — not yet reviewed
Kenya's High Court nullifies Vodacom's Safaricom stake acquisition; both parties and government to appeal
Kenya's High Court ruling voiding Vodacom's multi-billion-dollar Safaricom stake acquisition has drawn formal responses from both companies, with the Kenyan government and Vodacom each announcing plans to appeal the decision. The parallel appeals keep the landmark ownership and governance dispute live, resetting the timeline on what had been one of East Africa's largest recent corporate transactions.
- Wed, Sep 16Unverified — not yet reviewed
Kenya's High Court voids Vodacom's multi-billion-dollar Safaricom stake acquisition
Kenya's High Court has nullified Vodacom's acquisition of a 15 percent stake in Safaricom, a transaction variously reported as worth between $1.5 billion and $2.1 billion, in a ruling described as a constitutional landmark for African telecoms governance. The decision unwinds what is regarded as one of Kenya's largest recent corporate transactions and resets the ownership structure of East Africa's most valuable listed company. The ruling is expected to set significant M&A and regulatory precedent for foreign investment in African telecoms assets.