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Originally published by The Standard BusinessJanuary 24, 2026
1d ago
Safaricom partial divestiture: Endless scrutiny or bold infrastructure growth?

The proposed Safaricom partial divestiture will reduce the State’s shareholding from 35 per cent to 20 per cent...
✨ Key Highlights
The Kenyan government is moving forward with a partial divestiture of 15 percent of its equity in Safaricom PLC, reducing its shareholding from 35 percent to 20 percent, aiming to raise approximately Sh204 billion in non-tax revenues.
- The divestiture is projected to generate Sh204 billion for the government.
- The Central Organization of Trade Unions (COTU) supports this move, viewing it as a critical step to fund infrastructure development through the National Infrastructure Fund (NIF).
- COTU urges Safaricom PLC to cease union-busting tactics and establish a recognition agreement with the Communication Workers Union (COWU).
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