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Originally published by Techish Kenyatech
May 18, 2026
23h ago
Court Keeps Block on Safaricom Stake Sale to Vodacom, Stalling KES 244.5B Treasury Windfall

Government's KES 244.5B Safaricom payout from Vodacom is on hold as the High Court weighs petitions over valuation and process...
✨ Key Highlights
The High Court of Justice has extended a freeze on the Kenyan government's planned sale of a 15% stake in Safaricom to Vodacom Group, stalling a transaction valued at approximately KES 244.5 billion.
- The deal's total value stands at KES 244.5 billion, comprising a 15% share sale worth KES 204.3 billion and a KES 40.2 billion upfront dividend.
- Key organizations involved include the National Treasury, Safaricom, and Vodacom Group.
- Petitioners argue the sale undervalues Safaricom, lacks public participation, and poses national security risks due to transferring majority control to a foreign entity.
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