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COMESA clears Vodacom’s Safaricom takeover in Kenya

Tech • 2h ago
COMESA clears Vodacom’s Safaricom takeover in Kenya
Zdravo, Victoria from Techpoint here, Here’s what I’ve got for you today: COMESA clears Vodacom’s Safaricom takeover Why angel investors aren’t backing down Ethiopia bans Birr in crypto P2P trading COMESA clears Vodacom’s Safaricom takeover Safaricom When a regional watchdog gives a big telecom deal the green light, it’s usually a sign that something major is on the move, and that’s exactly what just happened with Vodacom Group and Safaricom. The COMESA Competition and Consumer Commission has cleared Vodacom’s plan to increase its holdings in Kenya’s biggest telecom from 35% to 55% in a deal worth about Sh272 billion. That’s a major regulatory hurdle crossed in a transaction that’s been watched closely across East and Southern Africa. Under the deal, Vodacom will buy extra share...
Source: Original Article. AI-enhanced version.