The Kenyan government plans to sell part of its 34.9% stake in Safaricom, aiming to raise a significant portion of the targeted KES 149 billion from the privatisation of State-owned enterprises.

• Offloading the stake could serve as a "big-ticket item" to help meet revenue targets before the 2025/26 financial year, according to John Mbadi, Treasury Cabinet Secretary.
• Safaricom recently posted strong financial results, dominated by its profitable mobile money platform, M-PESA.
• The planned sale could be the region's biggest telecoms stake transaction in years, amid ongoing discussions on market competition and financial management.