Vodacom Group Ltd. is set to acquire significant stakes in Safaricom Plc, East Africa’s largest telecoms company. The $2.1 billion deal involves purchases from the Kenyan government and Vodafone International Holdings BV, increasing Vodacom’s stake to 54.9%.
This acquisition is poised to enhance financial inclusion strategies. Safaricom remains a dominant force in Kenya’s telecom market, known for its strong growth and substantial revenue.