Parliament Approves Sh204Bn Safaricom Sale for Infrastructure; Mau Summit Road Upgrade Planned - February 2026
A Kenyan parliamentary committee has approved the sale of a 15% government stake in Safaricom PLC to raise Sh204.3 billion for critical infrastructure development. The sale aims to ease pressure on public finances as only Sh29.8 billion was available for development in the 2025/26 financial year. In separate infrastructure initiatives, the National Treasury and KeNHA have begun plans for the upgrade of the Mau Summit–Eldoret–Malaba Road PPP project. Following online discussions, the National Social Security Fund (NSSF) defended its investment in the Rironi–Nakuru–Mau Summit highway project, stating that contributors' savings are safe. Meanwhile, Treasury CS John Mbadi defended the controversial National Infrastructure Fund in court after the High Court suspended its operation.
