Vodacom Group CEO Shameel Joosub (left) and Treasury Cabinet Secretary John Mbadi hold a signed Memorandum of Understanding, accompanied by Attorney General Dorcas Oduor (right), during Treasury market update at the JW Marriott Hotel in Nairobi on December 4, 2025. The update detailed the government’s decision to offload its 15 per cent stake in Safaricom to Vodafone Kenya, a move aimed at raising funds for the National Infrastructure Fund and reducing pressure on public debt.