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Kenya is weighing plans to split Safaricom Plc into three standalone businesses, a move that could reshape the country’s telecom sector and potentially reduce the government’s 35 percent stake in East Africa’s most valuable company. Treasury Secretary John Mbadi said officials see “huge benefit” in separating Safaricom into a traditional telecoms services provider…
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Kenya Weighs Splitting Safaricom Into Three Separate Companies
Kenya is weighing plans to split Safaricom Plc into three standalone businesses, a move that could reshape the country’s telecom sector and potentially reduce the government’s 35 percent stake in East Africa’s most valuable company. Treasury Secretary John Mbadi said officials see “huge benefit” in separating Safaricom into a traditional telecoms services provider…