… The law is in place and we have seed money which is already with us for that Fund over Sh100 billion from the sale of the stake in Kenya Pipeline and another Sh245 billion from the sale of the stake in Safaricom and we are very happy with that progress. …
… er 50 local professional golfers expected to compete.The par-71 coastal course is set to provide a distinctly different challenge from the inland venues that hosted the opening three legs of the circuit, testing players with its unique conditions and playing environment.Safaricom …
The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group, a transaction that hands the telecom giant’s majority control to foreign investors and ends an era of State dominance in it. …
The National Treasury will get a Sh244.2 billion cash injection after the sale of a 15 per cent stake in Safaricom to South Africa’s Vodacom Group, a transaction that hands the telecom giant’s majority control to foreign investors and ends an era of State dominance in it. …
… "If they want the formal systems to help them mobilise taxes, then we need to reduce the cost on payments." Safaricom also opposed the proposal, estimating that combining the proposed VAT with the existing 15 per cent excise duty would have raised the effective tax burden on digi …
NAIROBI, Kenya Jun 30 – Petitioners challenging the Government’s proposed sale of a 15 per cent stake in Safaricom PLC have urged the High Court to declare the transaction unconstitutional, arguing that it amounts to the unlawful disposal of a strategic national asset. …
Audio By VocalizeThe government's bid to sell its 15 per cent stake in Safaricom to Vodacom Group intensified on Monday after activist Tony Gachoka and other petitioners urged a three-judge bench of the High Court to declare divestiture unconstitutional, illegal and void. …
Safaricom shares sale: Petitioners urge court to declare gov't transaction unconstitutional By Dzuya Walter June 29, 2026 03:05 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize Petitioners challenging the …
NAIROBI, Kenya Jun 29 – Safaricom says it plans to integrate artificial intelligence into its My OneApp platform as part of efforts to automate financial tasks and transform the application into a predictive digital assistant for customers. …
NAIROBI, Kenya Jun 29 – Safaricom says adoption of its unified “My OneApp” platform has reached 4.7 million registered users in Kenya as the telecommunications giant accelerates plans to phase out its legacy digital applications. …
Justice Kanyi Kimondo found Duncan Kimathi guilty of murdering USIU student Sarah Akello Aruwa, who disappeared on 30 June 2012 and whose body was later found in Kiambu County. The prosecution proved its case through circumstantial, electronic, documentary and identification evidence.
Justice Kanyi Kimondo found Duncan Kimathi guilty of murdering USIU student Sarah Akello Aruwa, who disappeared on 30 June 2012 and whose body was later found in Kiambu County. The prosecution proved its case through circumstantial, electronic, documentary and identification evidence.
Police in Garissa arrested Edwin Mugoi, accused of posing as a Safaricom agent to trick an M-Pesa shop attendant into surrendering a mobile line, which he then used to fraudulently transfer funds. Officers recovered multiple SIM cards, mobile phones, and registration gadgets suspected to have been used in the fraud scheme targeting M-Pesa agents in the area.
The Embassy of Israel in Kenya and the Evangelical Alliance of Kenya have launched a national Bible trivia competition for people aged 18 to 35, combining Bible education, digital gaming, and lessons on environmental stewardship from the Old Testament. Registration is open until end of September, with the top 10 advancing to a physical final on November 3.
The High Court declared the government's sale of a 15 per cent stake in Safaricom to Vodafone Group at Sh34 per share null and void, finding the share purchase agreement was concluded on December 3, 2025, before policy and parliamentary approval processes were complete, and the Sh204.3 billion in proceeds was not tied to specific, costed projects.
Kenya's High Court has nullified the government's sale of its 15 per cent Safaricom shareholding to Vodacom Group, ruling the transaction lacked adequate public participation and transparency and contravened the Constitution and the law. The Treasury now faces the prospect of refunding the Sh245 billion it earned from the partial sale.
Attorney General Dorcas Oduor has filed a Notice of Appeal against a High Court ruling that declared the sale of the government's 15 per cent Safaricom shareholding to Vodafone Kenya Limited null and void. National Treasury Cabinet Secretary John Mbadi stated the government disagreed with the court decision, maintaining that the partial divestiture was legitimate.
A three-judge High Court bench declared the government's sale of a 15 per cent stake in Safaricom to Vodacom unconstitutional and null, ordering the shares returned to the State. The court found the transaction failed to meet constitutional and legal requirements, including meaningful public participation and disclosure of material information.
A three-judge bench declared the government's sale of a 15 per cent stake in Safaricom to South Africa's Vodacom unconstitutional and illegal, ordering the stake restored to state ownership. The court found the transaction violated constitutional and public finance provisions, lacked parliamentary approval, and involved insufficient public participation.
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.
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.
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.
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.
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.
Kisumu will host the Safaricom Chapa Dimba Nyanza Regional Finals this weekend, with 12 teams from six counties competing at Jomo Kenyatta International Stadium and Mamboleo Stadium for the regional title.
Kenya's housing challenge stems primarily from affordability constraints rather than lack of supply, with high interest rates (14.9% average), short repayment tenors (about 11 years), and limited long-term funding excluding most Kenyans from formal home ownership. With only 30,000 active mortgages and a loan book of Sh279.3 billion, systemic issues including high land costs, costly titling processes, and regulatory frictions compound the problem.
The Law Society of Kenya has vowed to oppose a proposal by the Unclaimed Financial Assets Authority requiring lawyers to declare assets held on behalf of clients for more than five years and surrender them to the State if unclaimed. LSK President Charles Kanjama said lawyers have their own ways of managing client assets and do not need external assistance.
Police in Kapseret, Uasin Gishu County, are searching for a woman who drugged and robbed Asbel Kiprop, a three-time 1500m world champion and Chief Inspector, of an unknown amount of money at a club over the weekend. The incident occurred after the suspect joined him while he was watching football matches on Friday afternoon.
Kenya's medium and small-scale traders welcomed a decision to bar foreign hawkers from operating in the country following a State House visit, yet the article notes this occurs alongside foreign acquisition of major Kenyan firms including a 15 per cent stake in Safaricom and Kenya Airways' search for a strategic foreign investor.
Safaricom has allocated Sh51 million to construct new infrastructure at Eldoret Special School in Uasin Gishu County, including two dormitories, three vocational classrooms, and a solar-powered borehole. The investment is part of the company's partnership with the county and initiative to improve learning standards for learners with special needs.
Pepeta has launched Dandia Data Dailee in partnership with Safaricom, offering 50MB of free daily data to users who place a sportsbook bet of Ksh.50 or more on the Pepeta App.
Pepeta has launched Dandia Data Dailee in partnership with Safaricom, offering sportsbook players 50MB of free daily data when they place a bet of Sh50 or more on the Pepeta App. The unrestricted data can be used for any purpose, including following bets or playing casino games.
David Wakhu of Golf Park won the seventh leg of the PGK Equator Tour at Sigona Golf Club with a score of 273 (15 under par), holding off a field of 47 professionals and moving to third in the Order of Merit standings with 3,110 points.
St Joseph Starlets claimed the girls' crown at the fifth edition of the Safaricom Chapa Dimba Central Region, defeating Barcelona Rising Starlets 5-1 to end a five-season wait for the regional title. LYSA retained the Central regional title for boys.
Barcelona Rising Starlets will compete for their fourth regional title this weekend against Sportiff Queens of Kirinyaga in the girls' semi-final of the Chapa Dimba Central Regional Finals. Safaricom is also hosting coaches' and players' clinics covering GPS vest technology, financial literacy, mental health, and data privacy.
The PGK Equator Tour moves to Sigona Golf Club in Kiambu County for its seventh leg from August 27–30, 2026, with 47 players competing. Samuel Njoroge, who won the previous leg in Nakuru with 280 points, leads the Order of Merit with 3,852 points.
Amaco Energy Group proposes an LNG-powered smart-power system valued at $1.5 billion (Sh194 billion) to supply AI data centres at the Port of Mombasa. The offshore system, called Hercules, would operate independently of the national grid and would be the first of its kind in Africa.
Members of Parliament have called for an investigation into Safaricom's practice of deactivating dormant SIM cards and reassigning the numbers to other subscribers, citing concerns that the practice could expose customers to fraud, loss of funds, and unauthorized access to personal information. The petition, referred to the Public Petitions Committee, will examine whether the practice complies with consumer protection, data privacy, and financial asset management laws.
Kenya's Treasury gave the public only eight days to comment on the 2026 Budget Review and Outlook Paper, falling short of the legally established 14-day participation period. The accelerated budget timeline is driven by the 2027 election.
President Ruto has dismissed claims that the government signed a Sh104 billion contract with Safaricom and Apeiro Limited for Social Health Authority technology, saying instead that the government designed a digital system for transparency and pays investors for services rather than purchasing technology outright.
Eight teams—four boys' and four girls'—will compete for the Western Regional crown of the fifth edition of the Safaricom Chapa Dimba tournament at Masinde Muliro Stadium in Kanduyi, Bungoma on 15–16 August. Teams include Chakol Queens and Musokoto Secondary School from Busia; Vihiga Cranes and Blue Commandos from Vihiga; Terem FC and Elgon Queens from Bungoma; and Lugari Progressive and Green Buffaloes from Kakamega.