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Originally published by The Standard
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March 10, 2026
2h ago

MPs want assurance on jobs in Safaricom share sale

MPs want assurance on jobs in Safaricom share sale

MPs want the Treasury CS to ensure that within 10 years of divestment, the current shared prosperity business model at Safaricom remains largely unchanged...

✨ Key Highlights

Kenyan Members of Parliament (MPs) are demanding assurances regarding job security and the existing business model for Safaricom employees and partners as part of the government's plan for a partial divestment of its shares in the company.

  • No current employees should face redundancy as a result of the Safaricom share sale.
  • A joint report from the National Assembly Committees on Finance, Public Debt, and Privatisation presented the recommendations.
  • The government intends to receive an upfront payment of Sh40.2 billion for its future dividends on the remaining 20% shareholding.

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