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The High Court of Kenya has invalidated the sale of a 15 percent stake in the telecommunications company Safaricom to Vodacom. The court ruled that the transaction process was unconstitutional, citing concerns regarding the legal framework of the deal.
This judicial decision has prompted renewed public and professional debate concerning the transparency of the divestment process. Furthermore, the ruling has raised questions regarding the valuation and the final price established for the sale of the Kenyan corporate asset.
Article source: jeuneafrique.com | Image credit: The Africa Report
