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Article

Kenya's government appeals a High Court ruling that nullified the KES 204 billion sale of its Safaricom stake.

Capital FM Business Kenya Sep 16, 2026
Read the original Article page

TL;DR

A three-judge High Court bench ruled the government's divestiture of its 15% stake in Safaricom to South Africa's Vodacom Group unconstitutional.

Treasury Cabinet Secretary John Mbadi defended the deal, stating it followed parliamentary and cabinet approvals to unlock value for the exchequer.

Intelligence

Both the Kenyan government and Vodacom Group have announced plans to appeal the decision at the Court of Appeal.

This legal challenge introduces fresh volatility to Safaricom's shareholding structure and highlights growing judicial scrutiny over data sovereignty and public asset disposal in Kenya.

The nullification of this KES 204 billion deal directly stalls the Treasury's plans to fund its proposed National Infrastructure and Sovereign Wealth Funds.

For tech investors and regional builders, this underscores the robust, independent power of Kenya's courts to halt major state-backed corporate transactions.

Funding extracted from this article

1
Safaricom Acquisition · Sh204 billion

Regulatory activity extracted

1
High Court of Kenya Court ruling

Tenders extracted

0

No tenders were extracted from this article.

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4

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