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Originally published by Capital Business
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business
March 10, 2026
12h ago

MPs revise Safaricom divestiture deal, shields employees

MPs revise Safaricom divestiture deal, shields employees

A joint report tabled in the National Assembly on Tuesday by the Departmental Committees on Finance, chaired by Molo MP Kimani Kuria, and Public Debt, chaired by Balambala MP Omar Shurie, revised several elements of the plan to divest part of the government’s shareholding in th..

✨ Key Highlights

Members of Parliament have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

  • The government intends to divest up to 15 percent of its stake for an estimated Sh204 billion.
  • Key entities involved include the National Assembly, the National Treasury, and Vodacom Group.
  • Legislators have strengthened provisions to prevent job losses and ensure the company's existing operational structure and network of partners remain intact for at least a decade.

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