safaricom shares - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Mbadi vows to appeal Safaricom divestment court ruling

Sacco ReviewSeptember 16, 202604 mins

Treasury prepares to challenge the High Court decision on Safaricom shares Court ruling also nullified the parliamentary paper supporting the transaction Government says it remains confident in the legality of the divestment process National Treasury Cabinet Secretary John Mbadi has said the government will move to court to appeal the High Court decision issued on…

CBK backs plan to sell 15% safaricom stake to fund infrastructure

Sacco ReviewJanuary 21, 202605 mins

Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge has defended the government’s proposal to sell a 15 per cent stake in Safaricom PLC, describing it as an innovative financing option aimed at supporting infrastructure development without increasing public debt. Appearing before lawmakers, Dr. Thugge said the proposed divestiture would have a positive macroeconomic impact,…