High Court Halts Government Sale of Safaricom Shares Amid Constitutional Dispute - April 2026
The High Court has temporarily stopped the Kenyan government from selling its 15 percent stake in Safaricom, halting the transaction amid a legal challenge questioning its constitutionality. A Kenyan court has extended an order temporarily halting the sale of government shares in Safaricom for an additional ten days, with this decision pending a ruling on whether the suspension will be made permanent. The government is simultaneously navigating significant fiscal challenges with the unveiling of a Sh4.7 trillion budget, indicating increased spending pressures. Kenya's market also faces a deepening aflatoxin crisis as unregulated flour containing dangerously high levels of the toxin significantly undercuts prices set by compliant millers.
Court halts government sale of Safaricom shares amid constitutional dispute
Citizen TV (Youtube)
