Safaricom has confirmed that it will remain a Kenyan company and shareholder changes will not affect their operations. This Company’s CEO Peter Ndegwa made the announcement during Safaricom’s presentation before the Joint Parliamentary Committees on Finance & National Planning and Public Debt & Privatisation regarding consideration of Sessional Paper No. 3 of 2025 on Partial
The government’s proposal to sell its 15 percent stake in Safaricom to Vodacom has ignited a heated political and economic debate, pitting fiscal strategy against populist rhetoric. At the centre of the storm is Kiharu MP Ndindi Nyoro, who has accused the State of undervaluing one of Kenya’s most prized corporate assets. Mr Nyoro has
The Government of Kenya is set to sell 15% Safaricom Stake for Ksh240.5 billion to fund infrastructure developments. National Treasurer Cabinet Secretary John Mbadi confirmed that the move aims at getting funds to improve the National Infrastructure. “The sale of a 15 per cent stake, which represents 6,009,814,200 ordinary shares at Ksh34 per share, gives
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