Court rules Monday on State’s 15pc Safaricom stake sale

The High Court is set to rule on Monday regarding the government's planned sale of a 15 percent stake in Safaricom Plc to South African firm Vodacom Group Limited. The transaction was halted due to legal challenges questioning the legality of the government's stake reduction. Should the court rule favorably, Vodacom expects to quickly finalize the deal, which has already received parliamentary approval.