Kenya is preparing to undertake its largest privatization effort in nearly two decades, with plans to sell a significant portion of its 34.9% stake in Safaricom, East Africa’s telecom giant. The goal: raise approximately KES 149 billion ($1.1 billion) by June 2026 to plug widening budget gaps without imposing new taxes on an already strained … Continue reading Kenya to sell 35% stake in Safaricom to raise $1.1 billion and plug budget gaps