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Safaricom Stake Ruling Stands

2 entriesFri, Oct 16 – Sat, Oct 17Policy & Regulation

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  1. Sat, Oct 17LatestUnverified — not yet reviewed

    Kenyan Court Freezes Safaricom Ownership Transfer to Vodacom Pending Appeal

    A Kenyan court has ordered that Vodacom retain its 15 percent Safaricom stake pending a Court of Appeal ruling, freezing the $1.9 billion ownership transfer. The injunction keeps East Africa's most closely watched telecoms ownership dispute unresolved while the appeal proceeds.

  2. Fri, Oct 16Unverified — not yet reviewed

    Kenya Court Refuses to Suspend Ruling That Nullified Safaricom Stake Sale

    A Kenyan court has rejected a bid to suspend an earlier ruling that nullified a Safaricom stake sale, leaving the nullification in force. The decision resets Kenya's most significant pending telecom ownership dispute.