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The Central Bank of Kenya (CBK) has endorsed the government's proposal to sell shares in Safaricom, asserting that the transaction will not compromise Kenya's financial stability. The CBK anticipates that a partial sale of Safaricom will boost the economy and increase Kenya's foreign exchange reserves. During the discussions, the CBK also reassured the public that M-Pesa operations continue to be under strict regulatory oversight. In contrast, Kiharu Member of Parliament Ndindi Nyoro warned that Kenya stands to lose over 150 billion shillings from the sale of the government-owned shares.
The Central Bank of Kenya (CBK) has reassured the public that M-Pesa operations continue to be under strict regulatory oversight, even as discussions around a potential share sale emerge.
The Central Bank of Kenya (CBK) has endorsed the government's proposal to sell shares in Safaricom, asserting that the transaction will not compromise Kenya's financial stability.
Kiharu Member of Parliament Ndindi Nyoro has warned that Kenya stands to lose over 150 billion shillings from the sale of government-owned shares in Safaricom. He presented this concern to the parliamentary committees on Finance and Privatization, raising questions about the financial implications of the proposed sale.