Vodacom Group, the Johannesburg-based telecommunications giant led by South African executive Shameel Joosub, is in discussions with the Kenyan government about potentially acquiring part of its stake in Safaricom Ltd., according to people familiar with the matter.
The Shameel Joosub-led telecoms giant already holds 39.93 percent of East Africas largest listed telecom operator and is now weighing whether to increase its shareholding, the sources said. No final decisions have been made.
Kenya weighs Safaricom stake sale