A three-judge High Court bench declared null and void the government's partial divestiture of its 15 per cent stake in Safaricom, ruling that the process violated the Constitution by failing to undertake meaningful public participation and that the government concealed material information including the identity of the intended buyer.
15 September 2026 · Citizen Digital →
A three-judge bench faulted the government's partial divestiture of Safaricom shares, ruling that the process lacked adequate public participation and involved concealment of key documents and the identity of the proposed buyer, making it difficult for the Cabinet to objectively evaluate the divestiture in accordance with the Constitution.
15 September 2026 · Citizen Digital →
Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer, following Central Bank approval. Mutiga, a lawyer and banker with previous roles at Safaricom, Citibank, and Absa, takes over from Abraham Ongenge and will lead the bank's next growth phase.
15 September 2026 · Citizen Digital →
A three-judge bench declared the government's 15 per cent divestiture of Safaricom shares null and void, finding it violated the Constitution and laws on public finance, procurement, capital markets and competition. The court ordered the shares restored to State ownership and faulted the transaction, undertaken with Vodafone Group at Sh34 per share on December 3, 2025, for proceeding before policy and parliamentary approval were complete.
15 September 2026 · The Standard →
Stanbic Bank Kenya has appointed Michael Mutiga as chief executive following regulatory approval from the Central Bank of Kenya. Mutiga brings investment banking expertise and telecommunications sector leadership experience to the role as the bank reports a Sh6.6 billion profit after tax for the first half of 2026.
15 September 2026 · The Standard →