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Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15 percent stake in Safaricom to South Africa’s Vodacom in a total transaction valued at KShs 241 billion (UGX 6.5 trillion), a move that signals one of the country’s most significant state asset disposals in recent memory. The announcement, published by Safaricom PLC on December 4, 2025, outlines the full structure of the deal and sets the stage for a major shift in the ownership of East Africa’s most valuable company….
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At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….
Shares of NCBA Group Plc have hit an all-time high of KSh 75.25, rising 8.27 percent from KSh 69.50, after confirmation that Africa’s largest lender, Standard Bank Group Ltd., is in advanced talks to acquire the Kenyan bank — a deal that could dramatically reshape the structure and ownership of Kenya’s banking sector. According to Bloomberg, the Johannesburg-based banking giant, which holds a 75 percent stake in Nairobi-listed Stanbic Holdings Plc, has already received internal approvals to engage NCBA in buyout negotiations. If completed, the merger would create Kenya’s third-largest lender by assets, with a combined balance sheet of approximately…
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In May 1995, Celtel hit the ground running with the launch of the first mobile phone in Uganda, a rare opportunity in the country’s history that has gone on to transform generations and inspire innovations. What began as a definition of class and luxury quickly transformed into a necessity that sparked a quiet revolution, altering Uganda in numerous ways. And 30 years later, no one could have guessed the diversification of opportunities and services that have come with the mobile phone. Today, the landscape of the telecommunications sector has become dynamic and increasingly shaped by the visionary leadership and technical…
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Airtel Africa has announced plans to list its Airtel Money unit to secure more capital as it seeks a top spot in the growing digital payments ecosystem across Africa, and ward off competition from other equally strong players such as MTN MoMo, Safaricom’s MPESA and other major fintechs. The multinational disclosed its listing plans for Airtel Money set for 2026, according to a Reuters News Agency report published yesterday. The announcement also coincides closely with MTN Group’s plans to spin-off its financial technology (Fintech) business from its listed company under MTN Uganda in the first half of this year. The…
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Safaricom Ethiopia has announced the appointment of Wim Vanhelleputte as its new Chief Executive Officer, effective from September 1st, 2023. Vanhelleputte, the former CEO of MTN Uganda, will succeed Anwar Soussa, who has led the company since its inception. Vanhelleputte brings a wealth of experience to his new role, having served as the Operating Executive for West and Central Africa (WECA) Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville at MTN Group since August 2022. His responsibilities included overseeing performance and governance in these markets. Before that, he had been at the helm of MTN Uganda for six years being replaced…
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Hardly a year into his new role as Operating Executive for the MTN Group’s WECA Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville, Wim Vanhellepute, has been picked by Safaricom Plc, to head its Ethiopian unit⏤ Safaricom Telecommunications Ethiopia Plc. The Ethiopian unit is owned by Safaricom Plc, Vodafone Group, Vodacom Group, Sumitomo Corporation and British International Investment (formerly known as CDC Group) and was licensed on 9 July 2021. According to an official announcement by Safaricom Group on its social channels, Wim will replace Anwar Soussa as CEO, effective 1st September 2023. It is not clear why Anwar, Safaricom…
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MTN Group Ltd. values its mobile money arm at about US$5 billion (UGX18 trillion) and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent. The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65 billion value. “With similar valuations to that of Airtel, our valuation would sit at 75 billion rand, or about $5 billion,” said MTN Chief Executive Officer Ralph Mupita. “No decision has been made as yet, but listing will be an…
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