Tag Archives: Safaricom share sale

A three-judge bench of the High Court has nullified the government’s planned divestiture of its 15 per cent stake in Safaricom, ruling that the process breached both the Constitution and existing laws. The court determined that the decision to sell part of the government’s holding in Safaricom amounted to a …

Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …