National Treasury Cabinet Secretary John Mbadi has defended the government's plan to sell 15% of its Safaricom stake for Sh204.3 billion, dismissing concerns about undervaluation and positioning the move as crucial for infrastructure financing. This sale would increase Vodacom's stake in Safaricom to 55%, giving them effective control.

• The government plans to sell 15% of its 35% stake in Safaricom for Sh204.3 billion.
• The proceeds are intended to support the National Infrastructure Fund and Sovereign Wealth Fund, not to cover budget deficits.
• Kiharu MP Nyoro has challenged the sale, alleging undervaluation and a lack of competitive bidding, questioning the sale price of Sh34 per share.