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CBK Backs Proposed Safaricom Share Sale Amid Warning of KSh 150 Billion Loss

The Central Bank of Kenya (CBK) has expressed support for the government's proposal to sell shares in Safaricom, asserting that the transaction will not compromise Kenya's financial stability. The CBK anticipates the partial sale will boost the economy and increase foreign exchange reserves. In contrast, Kiharu Member of Parliament Ndindi Nyoro has warned that Kenya stands to lose over 150 billion shillings from the sale of government-owned shares in the company. He presented this concern to the parliamentary committees on Finance and Privatization, raising questions about the financial implications of the proposed deal.

Investigations Launched into Police Killings in Nyeri and Shinyalu

Disturbing CCTV footage from Nyeri showed a police officer fatally shooting a businessman from behind at close range, raising concerns about police conduct. As a result, Peter Wamiti Mwangi will be detained for 14 days as the Independent Policing Oversight Authority (IPOA) investigates the shooting of George Gathu to allow for a thorough inquiry. In a separate incident, tension has gripped Shinyalu after two people were reportedly killed by police officers, causing widespread fear and concern among residents.

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