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Originally published by Citizen DigitalMarch 23, 2026
3h ago
Safaricom urges court not to halt sale of gov't shares
Safaricom urges court not to halt sale of gov't shares..
✨ Key Highlights
Safaricom has urged the High Court not to halt the proposed sale of government shares in the telecommunications firm, arguing the transaction is lawful and not subject to conservatory orders.
- Safaricom maintains the sale is a commercial dispute under regulatory oversight and warns that halting it would negatively affect investor confidence and distort the market.
- Key individuals involved include lawyers for Safaricom, such as Andrew Musangi, and petitioners' counsel, SC Kalonzo Musyoka and Lempaa Suyiaka.
- Petitioners are seeking to preserve the status quo, arguing that proceeding with the sale could render their case nugatory and lead to the loss of sovereign assets.
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