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Market Impact: 0.5
Safaricom Sale Ruling Risks Ruto’s $39 Billion Project Pipeline
Source: Bloomberg
Fiscal Policy & BudgetInfrastructure & DefenseLegal & LitigationManagement & GovernanceEmerging Markets
A Kenyan court quashed the Ruto administration's planned divestiture in East Africa's most valuable company, potentially removing a key funding source for President William Ruto's $39 billion infrastructure program. The ruling raises financing and execution risks for planned projects, increasing pressure on Kenya's fiscal position and alternative funding options.
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