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HomeDaily NewsWednesday, September 16, 2026State appeals court ruling nullifying Safaricom stake sale - September 2026
Business & Economy10 stories from 4 sources

State appeals court ruling nullifying Safaricom stake sale - September 2026

The Kenyan government has filed an appeal against a High Court ruling that nullified the sale of its 15 per cent stake in Safaricom PLC to Vodacom. The court had declared the Sh204.3 billion deal unlawful, citing breaches of the Constitution and inadequate public participation. South Africa's Vodacom Group also plans to appeal the ruling that invalidated the Kenyan Government's sale of its 15 percent stake. Meanwhile, the United Opposition has welcomed the court ruling, with Kalonzo Musyoka addressing the government's decision to appeal the ruling.

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Wednesday 2:11 PMNation Business

State appeals court ruling nullifying Safaricom stake sale

State appeals court ruling nullifying Safaricom stake sale

The Kenyan government has filed an appeal against a High Court ruling that nullified the sale of its 15 per cent stake in Safaricom PLC to Vodacom. The court had declared the Sh204.3 billion deal unlawful, citing breaches of the Constitution and inadequate public participation.

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Key Highlights

The Kenyan government has filed an appeal against a High Court ruling that nullified the sale of its 15 per cent stake in Safaricom PLC to Vodacom. The court had declared the Sh204.3 billion deal unlawful, citing breaches of the Constitution and inadequate public participation.

  • The government sold 15 per cent of its Safaricom PLC shares for Sh204.3 billion.
  • National Treasury Cabinet Secretary John Mbadi stated the government will vigorously pursue the appeal.
  • The High Court found the sale lacked sufficient public participation and involved concealment of material information.
Tuesday 7:15 PMCitizen TV (Youtube)First

Mahakama yabatilisha uuzaji wa asilimia 15 ya hisa za Safaricom

The Kenyan court has nullified the sale of 15% of Safaricom shares previously held by the government. The ruling cited that the process failed to adequately involve the public, violating the constitution.

Key Highlights

The Kenyan court has nullified the sale of 15% of Safaricom shares previously held by the government. The ruling cited that the process failed to adequately involve the public, violating the constitution.

  • The sale of 15% of Safaricom shares has been invalidated.
  • The decision was made by a three-judge bench.
  • The court found the process unconstitutional due to insufficient public participation.
Wednesday 10:00 AMCapital Business

South Africa’s Vodacom to appeal ruling invalidating Safaricom stake sale

South Africa’s Vodacom to appeal ruling invalidating Safaricom stake sale

South Africa's Vodacom Group plans to appeal a Kenyan High Court ruling that invalidated the Kenyan Government's sale of its 15 percent stake in Safaricom.

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Key Highlights

South Africa's Vodacom Group plans to appeal a Kenyan High Court ruling that invalidated the Kenyan Government's sale of its 15 percent stake in Safaricom.

  • The sale, valued at approximately Sh204 billion, was declared unconstitutional and null and void.
  • Vodacom Group will lodge an appeal at the Court of Appeal and seek a temporary suspension of the ruling.
  • The transaction had previously faced legal challenges regarding data sovereignty and public participation concerns.
Wednesday 1:15 PMKTN News (Youtube)

LIVE: Kalonzo Musyoka speaks on government appealing court ruling on Safaricom stake sale

LIVE: Kalonzo Musyoka speaks on government appealing court ruling on Safaricom stake sale

LIVE: Kalonzo Musyoka speaks on government appealing court ruling on Safaricom stake sale

Kalonzo Musyoka has addressed the Kenyan government's decision to appeal a court ruling concerning the sale of Safaricom shares.

Key Highlights

Kalonzo Musyoka has addressed the Kenyan government's decision to appeal a court ruling concerning the sale of Safaricom shares.

  • The government is appealing a court decision regarding the Safaricom stake sale.
  • The key figure speaking on the matter is Kalonzo Musyoka.
  • This development relates to the ongoing legal and financial aspects of Safaricom share ownership.
Wednesday 1:20 PMCitizen TV (Youtube)

Serikali Kukata Rufaa Dhidi ya Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

Serikali Kukata Rufaa Dhidi ya Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

Serikali Kukata Rufaa Dhidi ya Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

The Kenyan government plans to appeal a court decision regarding the sale of 15% of its shares in Safaricom.

Key Highlights

The Kenyan government plans to appeal a court decision regarding the sale of 15% of its shares in Safaricom.

  • The National Treasury Minister, John Mbadi, stated the proposed sale was lawful.
  • The government will challenge the court's ruling.
  • The announcement was made in Kisumu.
Wednesday 1:29 PMCapital Business

Govt to appeal nullification of Safaricom stake sale to South Africa’s Vodacom

Govt to appeal nullification of Safaricom stake sale to South Africa’s Vodacom

The Kenyan Government plans to appeal a High Court ruling that nullified the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom Group.

Read Story

Key Highlights

The Kenyan Government plans to appeal a High Court ruling that nullified the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom Group.

  • The sale was valued at approximately Sh204 billion.
  • Treasury Cabinet Secretary John Mbadi stated the government followed due process and is confident in its legal standing.
  • The High Court declared the transaction unconstitutional, ordering the stake to revert to the state, a decision Vodacom also intends to appeal.
Wednesday 4:21 PMCitizen TV (Youtube)

United Opposition welcomes court ruling on Safaricom stake sale

United Opposition welcomes court ruling on Safaricom stake sale

United Opposition welcomes court ruling on Safaricom stake sale

The United Opposition has welcomed a recent court ruling concerning the Safaricom stake sale.

Key Highlights

The United Opposition has welcomed a recent court ruling concerning the Safaricom stake sale.

  • Over 121,000 youth have been incarcerated in correctional facilities between 2022 and 2026.
  • Interior Cabinet Secretary Kipchumba Murkomen presented these figures before the Senate Plenary.
  • Of the total, 11,824 youth were imprisoned for specific offences.
Wednesday 7:21 PMKTN News (Youtube)

Serikali Yakata Rufaa Kupinga Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

Serikali Yakata Rufaa Kupinga Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

Serikali Yakata Rufaa Kupinga Uamuzi wa Mahakama Kuhusu Hisa za Safaricom

The Kenyan government has filed an appeal against a court decision concerning Safaricom shares. This move signals a significant legal challenge to the original ruling.

Key Highlights

The Kenyan government has filed an appeal against a court decision concerning Safaricom shares. This move signals a significant legal challenge to the original ruling.

  • The Kenyan government is the key organization involved in the appeal.
  • The appeal specifically targets a court decision regarding Safaricom shares.
  • This action indicates a high-level legal dispute with potential implications for Safaricom.
Wednesday 7:22 PMCitizen TV (Youtube)

Safaricom: Uuzaji wa asilimia 15 ya hisa za serikali ulikamilishwa

Safaricom: Uuzaji wa asilimia 15 ya hisa za serikali ulikamilishwa

Safaricom: Uuzaji wa asilimia 15 ya hisa za serikali ulikamilishwa

Safaricom has announced the completion of the sale of a 15% stake held by the government, finalized on June 30 this year.

Key Highlights

Safaricom has announced the completion of the sale of a 15% stake held by the government, finalized on June 30 this year.

  • The sale involved 15% of the government's shares in Safaricom.
  • Key figures involved include Safaricom and the National Treasury, represented by Minister John Mbadi.
  • The transaction was officially concluded on June 30.
Wednesday 7:25 PMCitizen TV (Youtube)

Upinzani waipongeza mahakama kwa kubatilisha uuzaji wa hisa za Safaricom

Upinzani waipongeza mahakama kwa kubatilisha uuzaji wa hisa za Safaricom

Upinzani waipongeza mahakama kwa kubatilisha uuzaji wa hisa za Safaricom

The Kenyan opposition, led by Kalonzo Musyoka, has commended the High Court for annulling the sale of government shares in Safaricom. The opposition is urging the government to respect the court's ruling.

Key Highlights

The Kenyan opposition, led by Kalonzo Musyoka, has commended the High Court for annulling the sale of government shares in Safaricom. The opposition is urging the government to respect the court's ruling.

  • The High Court's decision to invalidate the sale of government shares in Safaricom.
  • The opposition coalition, led by Kalonzo Musyoka (Wiper party leader).
  • The opposition's call for the government to adhere to the court's verdict.
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