The Kenyan government aims to sell its 15% stake in Safaricom to Vodacom, dropping its ownership from 35% to 20% and giving Vodacom majority control at 55%. Treasury officials say the $1.6 billion will fund roads, dams, and power projects without new debt. Critics like MP Ndindi Nyoro argue the KSh 34 per share price undervalues the company and suggest alternatives like unbundling or international bidding, while others warn against breaking its telecom-fintech synergies. Parliamentary committees are reviewing public input amid debates over short-term cash versus long-term control of this key digital player.
