8 h. ago Kalonzo assembles 100 lawyers to challenge Safaricom stake sale

NAIROBI, Kenya, Dec 8 — The opposition has assembled a team of 100 advocates to challenge the government’s sale of a 15 per cent stake in Safaricom, terming the transaction unconstitutional, opaque, and a threat to Kenya’s strategic national assets. Speaking on Monday during the launch of the Okoa Uchumi Report, a public audit initiative […] The post Kalonzo assembles 100 lawyers to challenge Safaricom stake sale appeared first on The DailyMail- Kenya.

Politics

9 h. ago Nyoro denounces Ruto’s ‘opaque’ fiscal plan, says Safaricom sale raw deal

NAIROBI, Kenya, Dec 8 — Kiharu MP Ndindi Nyoro has issued a blistering warning over what he termed Kenya’s dangerous slide into opaque fiscal practices, accusing the National Treasury of engaging in off-budget borrowing. Nyoro singled out what he described as mortgaging key revenue streams, and rushed sale of a 15 per cent stake in […] The post Nyoro denounces Ruto’s ‘opaque’ fiscal plan, says Safaricom sale raw deal appeared first on The DailyMail- Kenya.

Economics

19 h. ago National Assembly Opens Public Participation on Safaricom 15% Stake Sale Amid Backlash

NAIROBI, Kenya Dec 8 – The National Assembly has officially initiated the public participation process for the government’s plan to sell a 15% stake in Safaricom PLC. This proposed partial divestment, contained in Sessional Paper No. 3 of 2025, is expected to raise approximately Sh244.5 billion but has drawn sharp criticism regarding potential undervaluation and […] The post National Assembly Opens Public Participation on Safaricom 15% Stake Sale Amid Backlash appeared first on The DailyMail- Kenya.

Politics

3 d. ago Explaining Kenya’s sale of 15 per cent Safaricom stake to Vodacom

Explaining Kenya’s sale of 15 per cent Safaricom stake to Vodacom  People Daily

Politics

3 d. ago Mbadi: How Kenya Plans to Spend the Ksh244.5B Safaricom Stake Windfall

The government plans to sell a 15% stake in Safaricom to Vodacom Group Limited for Ksh.244.5 billion, the telco has announced. The stake, equivalent to 6,009,814,200 ordinary shares priced at Ksh.34 each, will reduce the State’s ownership in Safaricom from 35% to 20%. In addition to acquiring the government’s stake, Vodacom will buy a 5% interest from Vodafone International Holdings, raising its total shareholding in Safaricom from 35% to 55%. This gives Vodacom majority control for the first time since Safaricom’s listing in 2008. The government share acquisition links to an internal reorganisation where Vodacom will acquire Vodafone International Holdings The post Mbadi: How Kenya Plans to Spend the Ksh244.5B Safaricom Stake Windfall appeared first on Nairobi Wire.

Politics

2 w. ago Vodacom Eyes Bigger Stake in Safaricom as Kenya Explores Cash Sale

Vodacom Eyes Bigger Stake in Safaricom as Kenya Explores Cash Sale  TechAfrica News

Economics