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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MPs greenlight Sh4.7tn spending for 2026/27 - March 2026
Kenyan Members of Parliament have approved the 2026/2027 Budget Policy Statement, a framework allowing for total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year. Separately, the National Treasury's cost of emergency borrowing from the Central Bank of Kenya fell by 55% in the six months ending December 2025, reflecting early impacts of implemented reforms and eased interest rates. Meanwhile, MPs 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.
