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HomeDaily NewsMonday, January 12, 2026Govt Moves to Sell Safaricom Stake; Startups Funded; Uchumi House Listed for Sale - January 2026
Business & Economy4 stories from 1 sources

Govt Moves to Sell Safaricom Stake; Startups Funded; Uchumi House Listed for Sale - January 2026

The National Treasury is moving to sell a 15 percent equity stake in Safaricom PLC to the Vodacom Group for approximately Sh244.5 billion ($1.6 billion), a move that raises data sovereignty concerns. In a separate government initiative, Sh173.2 million has been disbursed to 6,982 startups in Central Kenya as part of the Nyota Project to address youth unemployment. In Nairobi’s Central Business District, the five-storey Uchumi House has been listed for sale with an asking price of Sh562.5 million, offering immediate rental income from its established tenants. Additionally, the High Court in Kenya has permitted the regulatory approval processes for the Diageo–Asahi transaction to proceed, though it issued a temporary order restraining the final stages of the deal.

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Monday 4:05 PMCapital Business

Data sovereignty fears rise as Vodacom eyes 55pc Safaricom stake

Data sovereignty fears rise as Vodacom eyes 55pc Safaricom stake

The National Treasury is moving to sell a 15 percent equity stake in Safaricom PLC to the Vodacom Group for approximately Sh244.5 billion ($1.6 billion), potentially restructuring the ownership of East Africa’s most profitable firm and raising significant data sovereignty concerns.

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Key Highlights

The National Treasury is moving to sell a 15 percent equity stake in Safaricom PLC to the Vodacom Group for approximately Sh244.5 billion ($1.6 billion), potentially restructuring the ownership of East Africa’s most profitable firm and raising significant data sovereignty concerns.

  • If approved, the transaction would reduce the Government of Kenya’s shareholding to a minority 20 percent, while the Vodacom/Vodafone consortium would consolidate a controlling 55 percent majority.
  • Treasury Cabinet Secretary John Mbadi defended the sale as a “premium exit,” though security analysts and legislators fear a regulatory “grey zone” could arise regarding the personal data of 30 million Kenyans.
  • The Departmental Committee on Finance and National Planning is questioning the sufficiency of the government’s retained “golden share” veto rights to protect national interests, amidst warnings that majority foreign ownership could allow offshore processing of sensitive Kenyan data.
Monday 7:51 AMCapital BusinessFirst

High Court allows regulatory process for Diageo–Asahi deal to proceed

High Court allows regulatory process for Diageo–Asahi deal to proceed

The High Court in Kenya has permitted the regulatory approval processes for the Diageo–Asahi transaction to proceed, despite issuing a temporary order restraining only the final stages of the deal.

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Key Highlights

The High Court in Kenya has permitted the regulatory approval processes for the Diageo–Asahi transaction to proceed, despite issuing a temporary order restraining only the final stages of the deal.

  • The court issued an 11-day temporary preservation order, valid until January 20, 2026, preventing the final steps of the transaction.
  • The case stems from an application filed by Bia Tosha Distributors Limited.
  • East African Breweries (EABL) stated that the court orders allow regulatory phases to continue, clarifying that the dispute is separate from its parent company's shareholding structure.
Monday 9:49 AMCapital Business

Uchumi House listed for sale at Sh562.5mn

Uchumi House listed for sale at Sh562.5mn

Uchumi House, a prominent commercial property in Nairobi’s Central Business District (CBD), has been listed for sale with an asking price of Sh562.5 million. This five-storey building offers immediate rental income due to its established tenants and strategic location.

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Key Highlights

Uchumi House, a prominent commercial property in Nairobi’s Central Business District (CBD), has been listed for sale with an asking price of Sh562.5 million. This five-storey building offers immediate rental income due to its established tenants and strategic location.

  • The property is located at the junction of Aga Khan Walk and Nkrumah Lane, occupying a 0.28-acre parcel of land with a total floor area of 4,491 square metres.
  • Current tenants include Naivas Supermarket and Pronto Restaurant, providing a ready source of revenue for a prospective buyer.
  • The location is described as a vibrant commercial zone, close to landmarks such as Sunken Parking, Electricity House, and Kenya Re Building, underscoring its appeal as a long-term investment.
Monday 5:00 PMCapital Business

Govt disburses Sh173.2mn to Nyota startups in Central Kenya

Govt disburses Sh173.2mn to Nyota startups in Central Kenya

The Kenyan government has disbursed Sh173.2 million to 6,982 startups in Central Kenya as part of the Nyota Project, an initiative aimed at addressing youth unemployment.

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Key Highlights

The Kenyan government has disbursed Sh173.2 million to 6,982 startups in Central Kenya as part of the Nyota Project, an initiative aimed at addressing youth unemployment.

  • The funding targets entrepreneurs in Nyeri, Murang’a, Nyandarua, and Kirinyaga counties.
  • The disbursements were made at the Kabiru-ini ASK Grounds in Nyeri, with President William Ruto in attendance.
  • The Nyota Project is a five-year program supported by the World Bank and is being implemented countrywide.
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