Day: January 16, 2020

Changes in Safaricom’s ownership seem to have freed the company up for more rapid expansion into other markets. In May, UK telecoms giant Vodafone transferred a 35% stake in Safaricom to its South African offshoot Vodacom, in return for more equity in Vodacom valued at KSh260bn ($2.48bn). This left it with just a 5% stake in the Kenyan company,…