The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital News
📰 Read Full Article
top
March 10, 2026
11h ago

MPs Amend Govt Plan to Sell 15% Safaricom Stake, Introduce Worker Protections

MPs Amend Govt Plan to Sell 15% Safaricom Stake, Introduce Worker Protections

In the original framework, the agreement only guaranteed that existing staff would not be laid off for three years after the transaction. Legislators have now strengthened the provisions to ensure the restructuring does not lead to redundancies among the company’s workforce. - ..

✨ Key Highlights

Members of Parliament have amended the Kenyan government's plan to sell a 15 percent stake in Safaricom PLC to Vodacom Group, introducing worker protections and business partner safeguards.

  • The sale aims to generate approximately Sh204 billion.
  • The transaction involves the sale of about six billion shares.
  • Amendments ensure no job losses and prevent disruption to the company's dealer and agent network for at least a decade.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement

Related News

Showdown looms over Minority Leader position
politics6h ago

Showdown looms over Minority Leader position

A significant political tussle is brewing in Kenya's National Assembly over the Minority Leader position.

S
Standard Politics
📰 Read Full Story
MPs want assurance on jobs in Safaricom share sale
top8h ago

MPs want assurance on jobs in Safaricom share sale

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.

T
The Standard
📰 Read Full Story
Senators Call for Urgent Review of Nairobi Drainage After Deadly Floods
Video

Senators Call for Urgent Review of Nairobi Drainage After Deadly Floods

K
KTN News (Youtube)
11h ago
Ruto highlights progress on 10 point agenda, calls for parliamentary mediation on outstanding bills
Video

Ruto highlights progress on 10 point agenda, calls for parliamentary mediation on outstanding bills

C
Citizen TV (Youtube)
11h ago
MPs Approve 2026/2027 Budget Policy Statement, Set Spending Priorities
top12h ago

MPs Approve 2026/2027 Budget Policy Statement, Set Spending Priorities

Kenyan Parliament has approved the 2026/2027 Budget Policy Statement (BPS), establishing a Sh4.7 trillion fiscal framework and outlining government spending priorities.

C
Capital News
📰 Read Full Story
Advertisement