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Government Sells 15% Safaricom Stake to Vodacom for KSh 244B
The Kenyan government plans to sell 15% of its stake in Safaricom to Vodacom, a move involving over 6 billion shares held by the National Treasury. The sale is expected to raise KSh 244 billion, with Sh245 billion from the proceeds planned for funding new roads and dams. The transaction has caused debate, with Kiharu MP Ndindi Nyoro claiming the government's shares are undervalued. Treasury Cabinet Secretary John Mbadi refuted Nyoro's claims regarding the sale. Another story noted that CS John Mbadi explained why Sh15 billion was "surrendered" in the race for Safaricom dividends.
Kenya and U.S. Sign $1.6B (KSh 208B) Health Cooperation Framework
Kenya and the United States have signed a new health cooperation framework valued at $1.6 billion (KSh 208 billion) in Washington D.C. The funding is intended to bolster various Kenyan government health systems over the next five years. The United States Embassy in Kenya has publicly supported the five-year framework. However, the health agreement has also sparked significant controversy. One report stated that President William Ruto was preparing to sign a 25-year health cooperation agreement with the U.S., a different duration from what was stated elsewhere.
Bandit Attacks Cause Multiple Deaths and High Tension in West Pokot
A new wave of banditry and attacks has emerged in West Pokot, disturbing the peace in the region. Renewed bandit attacks in Turkwel, West Pokot, resulted in one fatality. In the areas of Songok and Kasei, a 31-year-old man was shot and killed by livestock rustlers, heightening tensions. A separate report notes that tension is high in West Pokot after another man was shot and killed. These incidents of banditry have created a volatile situation in several parts of the county.
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