Safaricom has confirmed that Vodafone Kenya Limited now holds a 55% stake in the company, following a KSh 272 billion deal with the Kenyan government.
The confirmation marks the completion of the share acquisition, solidifying Vodafone's majority ownership position in the East African telecom leader.
The transaction represents a significant shift in the corporate governance of the region's most valuable mobile network operator.
By acquiring the government's shares, Vodafone has moved from a minority or equal partner position to clear majority control, granting it greater influence over strategic direction and operational decisions.
The deal follows consultations between the government and various stakeholders, according to earlier reports.
The sale of the state's stake was part of a broader strategy to privatize or reduce government holdings in key national enterprises, allowing for private capital to drive growth and investment in the telecommunications sector.