COMESA greenlights Safaricom stake sale to Vodacom in major telecom deal

Key Takeaways

• The COMESA Competition and Consumer Commission (CCCC) has approved Safaricom's 15% stake sale to Vodacom.
• The CCCC determined the deal poses no threat to competition in Kenya or the wider COMESA region.
• Regulators found that the Kenyan mobile market remains competitive, with Safaricom holding 60-70% market share.
• The transaction will not result in market share accretion for either Safaricom or Vodacom in the relevant markets.
• The CCCC concluded the merger is not likely to substantially prevent competition or be contrary to public interest.