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Safaricom’s Strategic Shift: Vodacom Takes the Helm in Landmark Share Sale

In a major development set to reshape East Africa’s telecommunications landscape, the Government of Kenya has agreed to sell a 15 % stake in Safaricom Plc to Vodacom Group Ltd, a subsidiary of the Vodafone Group, in a deal valued at approximately KSh 244.5 billion (about $1.6 billion). In a major development set to reshape East Africa’s telecommunications landscape, the Government of Kenya has agreed to sell a 15 % stake in Safaricom Plc to Vodacom Group Ltd, a subsidiary of the Vodafone Group, in a deal valued at approximately KSh 244.5 billion (about $1.6 billion).

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Safaricom revenue hits record Kshs. 388.7B as expansion to Ethiopia pays off

Technology company Safaricom PLC has reported an 11.2% increase in total revenue, reaching Ksh.388.7 billion for the financial year ending 31st March 2025, up from Ksh.349.4 billion in the previous year.

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Future Growth Forum 2025: Shaping Africa-Middle East Economic Partnerships

In February, Future Growth Forum brought together thought leaders from various industries to discuss the future of investment and innovation in business

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Nairobi’s Rise as East Africa’s Startup Capital

In recent years, Nairobi has earned the nickname “Silicon Savannah”—a reflection of its rapidly growing status as East Africa’s premier startup hub. From digital finance innovations to agri-tech solutions, the Kenyan capital is attracting local talent and global investors eager to tap into Africa’s rising economic potential.

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Oro Africa Magazine is a premium digital publication dedicated to showcasing the best of Africa's luxury, business, and innovation landscape. Published quarterly, the magazine channels the elegance of leading global luxury titles, delivering in-depth features on high-end real estate, fashion, gourmet culture, fintech revolutions, and more.

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