Null and void: Court declares sale of Safaricom illegal, unconstitutional

While ordering the shares to be restored to State ownership, the court found that the 15 per cent transaction was undertaken in violation of the Constitution...

✨ Key Highlights

The High Court has declared the sale of 15% of the government’s stake in Safaricom PLC unconstitutional and illegal, ordering the shares to be restored to state ownership.

The transaction, worth Sh204.3 billion, was found to violate the Constitution and various laws.
The court ruled against the Kenya Kwanza regime, highlighting agreements made before necessary approvals.
Key issues included a lack of specific project allocation for proceeds and insufficient public participation.

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