Markets.News
Vodacom, a subsidiary of Vodafone Group operating in Africa, is set to increase its stake in Safaricom, the top telecom company in Kenya. The acquisition will raise Vodacom's ownership from the current 35% to 55%, signifying a notable 20% increase in their share of Safaricom. This move strengthens Vodafone Group's position in the African telecommunications market and solidifies their presence in Kenya.