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Originally published by Capital Business
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business
December 8, 2025
2h ago

National Assembly Invites Public Views on Safaricom Divestiture Plan

National Assembly Invites Public Views on Safaricom Divestiture Plan

NAIROBI, Kenya, Dec 8 - The National Assembly has invited Kenyans to submit views on the government’s proposed sale of a 15 percent stake in Safaricom, a Kenya breaking news | Kenya news today |..

✨ Key Highlights

The National Assembly has invited the public to submit views on the government's plan to sell a 15 percent stake in Safaricom, a move aimed at funding infrastructure projects and raising non-tax revenues. This follows the government's announcement of securing Sh244.5 billion from the transaction.

  • The government plans to offload 6.01 billion shares of Safaricom, retaining a 20% stake and two board seats.
  • The Treasury Cabinet Secretary John Mbadi disclosed that Vodacom Group will acquire Vodafone Kenya's entire interest, increasing its total shareholding in Safaricom to 55 percent.
  • The offer price of Sh34 per share represents a 17% premium on Safaricom's six-month average, with the State also receiving an additional Sh40.2 billion upfront from Vodacom.
  • Public feedback, including from shareholders, employees, and regulators, is due to the Clerk of the National Assembly by January 8, 2026.

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