Kenyasells 15% Safaricom stake to Vodacom for KES 204B, Nigeria internet hits 53%

Kenya sells 15% Safaricom stake to Vodacom for KES 204B. Kenya's Parliament endorses government plan to sell 15% Safaricom stake to Vodacom for KES 204 billion ($1.5B), reducing government ownership from 35% to 20%. Proceeds fund National Infrastructure Fund for roads/energy. Safaricom remains profitable despite reduced state control. Nigeria's internet penetration reaches 53% as Airtel/MTN expand 5G/fibre. NCC reports 53% penetration despite rising smartphone costs ($50-$54) and network quality issues. CcHUB backed 3,312 ventures in 2025, deploying $4.18M in grants across education, health, and creative economy. Each dollar generated $5 in external investment.

SOURCE: https://techcabal.com/2026/03/11/techcabal-daily-kenyas-taxman-is-watching/