Parliament team okays Sh204bn Safaricom sale
The government plans to sell six million shares to Vodacom at Sh34 per share...
✨ Key Highlights
A Kenyan parliamentary committee has approved the sale of a 15% government stake in Safaricom PLC to raise Sh204.3 billion for critical infrastructure development. The sale, conducted through a negotiated transaction at Sh34 per share, aims to ease pressure on public finances, with only Sh29.8 billion available for development in the 2025/26 financial year.
- The sale involves six million shares to Vodacom at Sh34 per share, above the market average of approximately Sh29.50 as of January 30, 2026.
- The National Assembly’s Finance and National Planning Committee, chaired by Molo MP Kuria Kimani, supported the urgent divestiture of State-Owned Enterprises (SOEs) due to Kenya’s Sh12 trillion public debt.
- The raised funds will finance infrastructure projects, and the transaction ensures no acquisition-related job losses for at least three years and preserves Kenya’s digital heritage.
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Parliament Approves Sh204Bn Safaricom Sale for Infrastructure; Mau Summit Road Upgrade Planned - February 2026
A Kenyan parliamentary committee has approved the sale of a 15% government stake in Safaricom PLC to raise Sh204.3 billion for critical infrastructure development. The sale aims to ease pressure on public finances as only Sh29.8 billion was available for development in the 2025/26 financial year. In separate infrastructure initiatives, the National Treasury and KeNHA have begun plans for the upgrade of the Mau Summit–Eldoret–Malaba Road PPP project. Following online discussions, the National Social Security Fund (NSSF) defended its investment in the Rironi–Nakuru–Mau Summit highway project, stating that contributors' savings are safe. Meanwhile, Treasury CS John Mbadi defended the controversial National Infrastructure Fund in court after the High Court suspended its operation.
