The Kenyan government has postponed the sale of 25 percent of shares in Kenyan cellular phone operator Safaricom. Finance minister Amos Kimunya said the Safaricom IPO cannot be concluded this year as scheduled by the government because of time. He said arrangements for the listing of the company on the Nairobi Stock Exchange cannot be concluded in December as planned, due to the impending elections expected next week. The government will be able to issue a timetable for the Safaricom IPO next year, probably in January, according to Kimunya.
