Raise Ksh792B by Selling Stake in Safaricom, Parastatals – NSE Advises Govt

NSE noted that the State could potentially raise Ksh150 billion by reducing its stake in Safaricom to 25 per cent from the current 35 per cent. In 2008, the government raised more than Ksh50 billion after selling a 25 per cent stake, or 10 billion shares, in Safaricom.

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