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Originally published by Capital Newstop
September 15, 2026
1d ago
Court quashes planned sale of 15pc govt stake in Safaricom
The judges held that the process violated the Constitution, including Article 10(1)(c), which requires public participation in the exercise of public authority and decision-making...
✨ Key Highlights
The High Court has quashed the planned sale of the government’s 15 percent stake in Safaricom PLC to Vodafone, deeming the transaction unlawful.
- The court cited a failure to comply with constitutional and legal requirements, including public participation.
- Key parties involved include the Kenyan government, Safaricom PLC, Vodafone, and petitioners Tony Gachoka and Paul Maina.
- The ruling highlights concerns over a lack of transparency and the failure to obtain adequate advisory input from bodies like the Capital Markets Authority.
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