ICPAK questions Sh34 Safaricom share price in State divestiture plan

ICPAK has raised concerns over the government’s plan to sell a 15 per cent stake in Safaricom to Vodacom at Sh34 per share, questioning the valuation methodology and long-term fiscal impact...

✨ Key Highlights

The Institute of Certified Public Accountants of Kenya (ICPAK) has raised alarms regarding the Kenyan government's proposal to divest 15% of its stake in Safaricom to Vodacom at a price of Sh34 per share.

The primary concern is the valuation methodology used for the Safaricom shares.
The ICPAK Council members and ICPAK CEO Grace Kamau led the press briefing in Nairobi.
ICPAK is questioning the long-term fiscal impact for Kenya of selling the shares at the proposed price.

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