Good morning,

From your post:

If Safaricom estimated value is approx KES 280.5B:
GoK 35% stake would be KES 98.18B,
Giving annual dividends of KES 16B, which is 16.3% return.

Under the current economic situation, I think you have to be a mad man to offload such asset.

But I don't know the whole story. 

I just hope, if the responsible people in government want to go ahead with this, there is justifiable merit and a clear positive outcome for the country, and that it will be communicated transparently and diligently.

Rgds,
Alloys

On Mon, May 26, 2025 at 10:55 AM Victor Kapiyo via KICTANet <kictanet@lists.kictanet.or.ke> wrote:
Dear Listers,

The Kenyan government plans to sell a significant portion of its 35% stake in Safaricom PLC as part of a broader strategy to raise KSh 149 billion (about $1.16 billion) during the 2025/26 financial year to finance the national budget.

Two main approaches are being considered: a secondary Initial Public Offering (IPO) on the Nairobi Securities Exchange, or a block sale targeting high-net-worth investors, potentially attracting regional and international buyers.

Safaricom, whose estimated value is at around KES 280.5 billion, is the largest and most valuable state-owned enterprise capable of generating substantial revenue compared to other parastatals. The government receives healthy dividends of about KES 16 billion annually from the company, which now has operations in neighbouring Ethiopia.

Read more: https://www.businessdailyafrica.com/bd/economy/treasury-to-sell-safaricom-stake-in-sh149bn-plan-5056992


Is this a smart move? What say you?


Victor Kapiyo
Partner | Lawmark Partners LLP
Nine Planet Apartments, Nairobi | Web: www.lawmark.co.ke 
====================================================
“Your attitude, not your aptitude, will determine your altitude” Zig Ziglar

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