NairobiWalker
JF-Expert Member
- Oct 31, 2012
- 16,395
- 17,977
With a population of 170,000?
Battle: Dar es Salaam vs Nairobi
Battle: Dar es Salaam vs Nairobi
Traxtion
JF-Expert Member
- Dec 10, 2021
- 6,235
- 12,665
Old settlements but still 100 times better than Kibera, Mathare and Uthiru
Dar es Salaam has many new settlements that are far from city centre na kila mtu hujenga nyumba yake mwenyewe. Sikuhizi watu wanajenga nyumba mpya na za kisasa. Sio affordable housing mnazojenga huko Kenya, bali ni proper houses, "one house for a family"
We are not your mates
NairobiWalker
JF-Expert Member
- Oct 31, 2012
- 16,395
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Do you know Uthiru?
Kid, take some time and travel. Sometimes your comments here are extremely ignorant.
Random shacks in Uthiru slums.🤣🤣
Traxtion
JF-Expert Member
- Dec 10, 2021
- 6,235
- 12,665
Uthiru is just one of slums you have in Kenya
Usisahau Kibera na Mathare zipo Nairobi pia. Worse than any Tanzanian informal settlement
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
Safaricom is gone!
View: https://youtu.be/md7Q1uwDAW8?si=NZtZWIc7wbXXZPIa
View: https://x.com/DerryVeri/status/2000471501183877132
December 4, 202511:06 AM GMT+1Updated December 4, 2025
Pedestrians walk outside the Safaricom mobile phone customer care centre during the launch of its 5G internet service in the central business district of Nairobi, Kenya October 27, 2022. REUTERS/Monicah Mwangi Purchase Licensing Rights, opens new tab
Facing high public debt, limited room to raise taxes, and annual debt repayments that absorb 40% of government revenues, President William Ruto's administration is turning to asset sales to bolster its finances.
Safaricom (SCOM.NR), opens new tab, Kenya's biggest company by market capitalization, accounts for the lion's share of daily trading volumes on the Nairobi Securities Exchange.
Vodacom (VODJ.J), opens new tab, which already owns 39.9% of Safaricom through Vodafone Kenya, a holding vehicle of Vodacom and its parent firm Vodafone (VOD.L), opens new tab in Safaricom, will pay 34 shillings per share, a 23.6% premium on the past six months' weighted average price.
"The funds from this transaction will be the seed capital for the national infrastructure fund and the sovereign wealth fund," Finance Minister John Mbadi told a briefing on Thursday.
"We are converting one asset into another," he said.
Ruto's government is creating the two funds to invest in roads, irrigation projects, energy-generation plants and the country's main airport, without increasing public debt.
It is also divesting from other state firms, including the sale of shares in Kenya Pipeline Company in an initial public offering on the Nairobi bourse scheduled for next year.
The Safaricom transaction requires approvals from parliament and regulators, Mbadi said.
Safaricom jumped more than 4% after the announcement to 29.25 shillings per share. Vodacom slipped more than 2%.
"Vodacom is paying a control premium," said Eric Musau, head of research at Nairobi-based Standard Investment Bank.
The South African operator said it did not intend to launch a takeover offer once the acquisition is completed and will apply to the market regulator for exemptions related to its increased stake.
Vodacom will also be required to maintain Safaricom's workforce, its current identity and associated branding, Mbadi said.
The government's Safaricom stake will be reduced to 20% from current 35% but Mbadi said that will still give it influence over the strategic direction of the firm.
The deal will allow Vodacom, which also operates in other African markets, such as the Democratic Republic of the Congo and Tanzania, to deepen its presence in high-growth markets, including Ethiopia, where Safaricom started operations in 2022, it said.
Vodacom will also buy the rights to future dividends on the Kenyan state's remaining shares, paying the government an upfront 40.2 billion shillings, the parties said.
Safaricom is held by a range of offshore funds and investors including HSBC, Norges Bank and Mobius, according to LSEG-compiled data.
($1 = 129.2500 Kenyan shillings)
Reporting by George Obulutsa and Duncan Miriri; Additional reporting by Nqobile Dludla in Johannesburg; Editing by Sherry Jacob-Phillips and Tomasz Janowski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
www.reuters.com
View: https://youtu.be/md7Q1uwDAW8?si=NZtZWIc7wbXXZPIa
View: https://x.com/DerryVeri/status/2000471501183877132
Debt-strained Kenya to sell Safaricom stake to Vodacom in $1.6 billion deal
By Duncan Miriri and George ObulutsaDecember 4, 202511:06 AM GMT+1Updated December 4, 2025
Pedestrians walk outside the Safaricom mobile phone customer care centre during the launch of its 5G internet service in the central business district of Nairobi, Kenya October 27, 2022. REUTERS/Monicah Mwangi Purchase Licensing Rights, opens new tab
- Summary
- Companies
- Kenya to get $1.6 billion from sale of shares to Vodacom
- Vodacom to become controlling shareholder of Safaricom
- Deal requires parliamentary, regulatory approvals
- Kenya gets 23% premium, Vodacom not to make takeover offer
Facing high public debt, limited room to raise taxes, and annual debt repayments that absorb 40% of government revenues, President William Ruto's administration is turning to asset sales to bolster its finances.
Safaricom (SCOM.NR), opens new tab, Kenya's biggest company by market capitalization, accounts for the lion's share of daily trading volumes on the Nairobi Securities Exchange.
Vodacom (VODJ.J), opens new tab, which already owns 39.9% of Safaricom through Vodafone Kenya, a holding vehicle of Vodacom and its parent firm Vodafone (VOD.L), opens new tab in Safaricom, will pay 34 shillings per share, a 23.6% premium on the past six months' weighted average price.
"The funds from this transaction will be the seed capital for the national infrastructure fund and the sovereign wealth fund," Finance Minister John Mbadi told a briefing on Thursday.
"We are converting one asset into another," he said.
Ruto's government is creating the two funds to invest in roads, irrigation projects, energy-generation plants and the country's main airport, without increasing public debt.
It is also divesting from other state firms, including the sale of shares in Kenya Pipeline Company in an initial public offering on the Nairobi bourse scheduled for next year.
The Safaricom transaction requires approvals from parliament and regulators, Mbadi said.
Safaricom jumped more than 4% after the announcement to 29.25 shillings per share. Vodacom slipped more than 2%.
CONTROLLING STAKE
The purchase will lift Vodacom's stake to 55%, giving the South African group effective control of Safaricom, known for its M-Pesa mobile money service."Vodacom is paying a control premium," said Eric Musau, head of research at Nairobi-based Standard Investment Bank.
The South African operator said it did not intend to launch a takeover offer once the acquisition is completed and will apply to the market regulator for exemptions related to its increased stake.
Vodacom will also be required to maintain Safaricom's workforce, its current identity and associated branding, Mbadi said.
The government's Safaricom stake will be reduced to 20% from current 35% but Mbadi said that will still give it influence over the strategic direction of the firm.
The deal will allow Vodacom, which also operates in other African markets, such as the Democratic Republic of the Congo and Tanzania, to deepen its presence in high-growth markets, including Ethiopia, where Safaricom started operations in 2022, it said.
Vodacom will also buy the rights to future dividends on the Kenyan state's remaining shares, paying the government an upfront 40.2 billion shillings, the parties said.
Safaricom is held by a range of offshore funds and investors including HSBC, Norges Bank and Mobius, according to LSEG-compiled data.
($1 = 129.2500 Kenyan shillings)
Reporting by George Obulutsa and Duncan Miriri; Additional reporting by Nqobile Dludla in Johannesburg; Editing by Sherry Jacob-Phillips and Tomasz Janowski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Debt-strained Kenya to sell Safaricom stake to Vodacom in $1.6 billion deal
Kenya is selling a 15% stake in telecom operator Safaricom to South Africa's Vodacom in a deal worth about $1.6 billion, the companies and the finance minister said, as the government seeks to raise cash by offloading some state assets.
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
kennedy0000
JF-Expert Member
- Apr 14, 2012
- 4,638
- 4,277
Amka kumekucha.
Please make a point of acquiring a passport and visiting other countries.
Dar is slum is objectively one of the ugliest cities in Africa. 98% of it looks like a slum. Only 2% urban planning.
RRONDO
Platinum Member
- Jan 3, 2010
- 57,891
- 129,946
Wewe kichaa. Tweet mlioweka hapa huyo kichaa mwenzenu anasema ni affordable housing.
RRONDO
Platinum Member
- Jan 3, 2010
- 57,891
- 129,946
It's not an excuse. It's a fact contrary to what you've been saying.......kwamba zimekosa wateja.
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
over 2 mln dwellers!
Traxtion
JF-Expert Member
- Dec 10, 2021
- 6,235
- 12,665
Huijui Dar, unaongea mavi tu
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
NairobiWalker
JF-Expert Member
- Oct 31, 2012
- 16,395
- 17,977
Ndio nikakwambia utoke hapo mbeya utembee. I rest my case.
NairobiWalker
JF-Expert Member
- Oct 31, 2012
- 16,395
- 17,977
Sawa. Geuza. 2M dwellers within 2.5 sq. Km.
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,923
- 103,791
Traxtion
JF-Expert Member
- Dec 10, 2021
- 6,235
- 12,665
Nitembee niende wapi. Kenya???
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