The flotation of Safaricom, a Kenyan mobile operator set to be the biggest listed company in east Africa, has been put back on track following the country’s post-election crisis with the government valuing the telecoms group at $3.1bn.

The state’s planned sale of a 25 per cent stake in Safaricom – which is also part-owned by Vodafone – was blown off the political agenda by violence and instability sparked by December’s disputed presidential election.