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

23 h. ago “Ruto is Selling Everything that is Working”: Gachagua Uses Cow Metaphor to Criticize Safaricom Sale

Former Deputy President Rigathi Gachagua has sharply criticized President William Ruto for selling off key national assets, including Safaricom, without involving the public. Speaking on Sunday, December 7, 2025, during a church service at Christian Dominion Ministries in Kasarani, Nairobi, Gachagua warned that Kenya is losing vital institutions that have historically driven the economy. He argued that the government’s decision to sell Safaricom shares undervalues one of the country’s most profitable enterprises. “The country is being sold every day. Safaricom has been one of the greatest revenue generators for our country, about Ksh18B to Ksh20B every year. Sasa share moja The post “Ruto is Selling Everything that is Working”: Gachagua Uses Cow Metaphor to Criticize Safaricom Sale appeared first on Nairobi Wire.

Economics

24 h. ago “Let Kenyans Get Full Value”: Ndindi Nyoro Urges Competitive Bidding in Safaricom Share Sale

Kiharu Member of Parliament Ndindi Nyoro has urged the government to sell Safaricom shares through a transparent, competitive bidding process instead of transferring them to a specific company. Speaking during a church service in his constituency on Sunday, December 7, 2025, Nyoro voiced concerns that the planned sale of government-held Safaricom shares to South Africa-based Vodafone has contributed to the undervaluation of the shares. “Let us not rush the sale of a 15 per cent share in Safaricom. Let’s give people a chance to compete,” he said. “Let’s open a competition of bids so that we can have many companies The post “Let Kenyans Get Full Value”: Ndindi Nyoro Urges Competitive Bidding in Safaricom Share Sale appeared first on Nairobi Wire.

Politics

3 d. ago CS Mbadi: Kenya gave Vodacom Sh15bn discount in Safaricom share sale, here's why

CS Mbadi: Kenya gave Vodacom Sh15bn discount in Safaricom share sale, here's why  Daily Nation

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

4 d. ago Why Kenya kept retail investors out of its biggest Safaricom sale yet

Why Kenya kept retail investors out of its biggest Safaricom sale yet  TechCabal

Economics

4 d. ago Kenya's finance minister says proceeds of Safaricom share sale will be seed capital for infrastructure, sovereign wealth funds

Kenya's finance minister says proceeds of Safaricom share sale will be seed capital for infrastructure, sovereign wealth funds  MarketScreener

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