Nairobi, July 2 -- KCB Investment Bank and SBG Securities pocketed an estimated Sh2 billion each for their role in facilitating the Sh204.3 billion government stake sale in Safaricom to Vodacom Group in a lucrative year for stockbrokers.

The transaction was executed on the Nairobi Securities Exchange (NSE) on Tuesday as a block trade of 6.009 billion Safaricom shares for Sh34 each, marking the largest single deal ever conducted on the bourse.

Other Safaricom shareholders traded 2.5 million shares on the same day, bringing the total turnover on the counter to 6.012 billion shares.

KCB Investment Bank acted on behalf of the seller, the National Treasury, while Stanbic Holdings' subsidiary, SBG Securities, was the buyer's broker.

Each of...