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Originally published by The Standard
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September 16, 2026
7h ago

Kalonzo hails High Court ruling nullifying Safaricom stake sale

Kalonzo hails High Court ruling nullifying Safaricom stake sale

Wiper Party leader Kalonzo Musyoka hails High Court’s decision nullifying government’s sale of a 15 per cent stake in Safaricom Plc...

✨ Key Highlights

The High Court has nullified the government's sale of a 15 per cent stake in Safaricom Plc to South Africa's Vodacom, a decision hailed by Wiper Party Leader Kalonzo Musyoka as a victory for Kenyans.

  • The court declared the transaction, valued at Sh204.3 billion, unconstitutional and illegal.
  • Kalonzo Musyoka, who was lead counsel for the petitioners, celebrated the ruling as "a victory for Kenyans."
  • The High Court found that the sale violated constitutional and legal provisions, including inadequate public participation and a lack of required approvals.

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