MPs launch probe into State Sh244b Safaricom stake sale

The National Assembly will on Monday kick off a multi-sector inquiry into the government’s controversial sale of a 15 per cent stake in telecoms giant Safaricom to South Africa’s Vodacom...

✨ Key Highlights

The National Assembly is initiating an inquiry into the controversial sale of a 15 percent stake in Safaricom to Vodacom. This multi-sector investigation will involve testimony from various industry, legal, and civil society actors.

The inquiry will be conducted over nine days by two parliamentary committees.
The stake sale involved Safaricom, a key Kenyan telecoms giant, and Vodacom, a South African company.
The investigation concerns a Sh244 billion transaction that has drawn significant scrutiny.

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