The National Assembly has initiated public participation for the government's plan to sell a 15% stake in Safaricom PLC, a move projected to raise Sh244.5 billion but facing significant backlash over potential undervaluation and lack of transparency.

• The proposed sale involves 6 billion shares at a projected price of Sh34 per share, expected to raise Sh204.3 billion, with an additional Sh40.2 billion from Vodacom Group for future dividends.
• Critics, including lawmaker Ndindi Nyoro and former Deputy President Rigathi Gachagua, argue the Sh34 per share price is a significant undervaluation, pointing to Safaricom's Sh45 per share trading price in 2021.
• The government aims to expand fiscal space and fund critical infrastructure projects while retaining a 20% stake and significant influence, including two board seats.