NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Adonijah Ndege

Kenya plans to offload an undisclosed portion of its 34.9% stake in Safaricom, the region’s most profitable company, as part of a privatisation push to raise $1.1 billion (KES149 billion) to plug a hole in public finances and avoid imposing new taxes amid a tough economy.

Photo courtesy of rogiro.