Vodacom Completes $2.1 Billion Deal to Take Majority Control of Safaricom

Vodacom Group Limited announced the completion of its acquisition of an additional 20% effective stake in Safaricom PLC, following the staying of a conservatory order by the Court of Appeal of Kenya on 26 June 2026 and the fulfilment of all remaining conditions precedent. This means that Vodacom’s shareholding in Safaricom has increased to approximately 55%, allowing consolidation of one of Africa’s foremost telecommunications, financial services, and technology businesses.