Video News4 videos from 2 sources
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.
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