Vodacom Group CEO Shameel Joosub (left) and Treasury Cabinet Secretary John Mbadi exchange signed Memorandum of Understanding during treasury market update at 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.