East Africa: Tanzania Tycoons Buy 10m Safaricom Shares

Tanzanian billionaires Aunali and Sajjad Rajabali have bought 10 million shares of Safaricom worth Sh295 million, becoming the third-largest individual investors in the telecommunications firm.

Their investment in the telco is disclosed in the Nairobi Securities Exchange-listed firm's April regulatory filing of its ownership structure.

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