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Originally published by Capital News
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June 30, 2026
6h ago

Petitioners Ask High Court to Block Planned Sale of Govt Stake in Safaricom

Petitioners Ask High Court to Block Planned Sale of Govt Stake in Safaricom

The petitioners told the court that the Constitution only permits the national government to generate revenue through taxation, levies, charges and borrowing, and not by disposing of public investments...

✨ Key Highlights

Petitioners have asked the High Court to block the Kenyan government's planned sale of a 15 per cent stake in Safaricom PLC, arguing it is unconstitutional.

  • The petitioners contend the sale would unlawfully dispose of a strategic national asset and that the National Treasury lacks the constitutional authority to raise revenue through public asset sales.
  • Key figures leading the petition include Kalonzo Musyoka and Lempaa Suyiaka, with the petition filed by Tony Gachoka, Prof. Fredrick Onyango Ogola, Paul Maina Mugo, and Samuel Kahara Macharia.
  • The transaction, which would reduce the government's shareholding from 35 per cent to 20 per cent and increase Vodacom Group's effective ownership to approximately 55 per cent, raises concerns about foreign control of a critical infrastructure platform.

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