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Originally published by Citizen DigitalJanuary 20, 2026
1mo ago
MP Ndindi Nyoro warns Kenya could lose Ksh.80 billion in Safaricom share sale
The Kiharu legislator, who urged the parliamentary watchdog not to adopt the government’s proposed process, faulted the Communications Authority for allegedly initiating an Ksh.80 billion loss through.....
✨ Key Highlights
In a contentious debate over the partial sale of Safaricom shares, Kiharu Member of Parliament Ndindi Nyoro has warned that Kenya could lose Ksh.80 billion if the divestiture proceeds without an international competitive bidding process.
- MP Nyoro alleges the country stands to lose Ksh.80 billion due to a controversial waiver on license renewals by the Communications Authority.
- He stated that each of the 6 billion Safaricom shares being traded to Vodafone should retail at Ksh.45 per share, not Ksh.34.
- The CBK Governor Kamau Thugge supported the sale, citing its potential to ease Kenya's debt burden.
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