South African telecommunications company that attempted to acquire a 15% stake in Kenya's Safaricom, a transaction nullified by Kenya's High Court in September 2026.
Verbatim sentences from the source article.
Citizen Digital
… 2026 04:00 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter Audio By Vocalize Wiper leader Kalonzo Musyoka has sked the court to issue orders to stop the government from selling its 15 percent stake in Safaricom to Vodacom …
Kalonzo seeks conservatory orders to block Safaricom stake sale, cites public interestA 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.
16 September 2026 · Citizen Digital →
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.
16 September 2026 · Citizen Digital →
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.
16 September 2026 · The Standard →
An opinion piece questions whether President William Ruto can lead Kenya's proposed Vision 2060 development framework, noting the announcement has failed to generate significant backing from civic, business, religious, political, or diplomatic leaders one week after his 30 July address.
8 August 2026 · The Standard →
South African companies are increasing their stake in Kenya's financial sector through investments in NCBA, Safaricom, and Absa Bank Kenya, after previous retail ventures like ShopRite and Massmart failed in the market.
28 July 2026 · The Standard →
Kenya's foreign exchange reserves are set to reach a seven-month high following proceeds from the government's sale of a 15 per cent stake in Safaricom totalling Sh244.5 billion, World Bank funding of $750 million, and Kenya Pipeline Company privatisation receipts of Sh103.45 billion received in April, with the CBK expecting the shilling to remain stable.
16 July 2026 · The Standard →
Wiper Party leader Kalonzo Musyoka has criticised the government's sale of a 15 per cent stake in Safaricom PLC to Vodacom as an "economic abduction," raising concerns over transparency, valuation, and constitutional compliance, and questioning why the sale was completed while a constitutional petition remained pending before the High Court.
4 July 2026 · The Standard →
Safaricom's unified "My OneApp" platform has reached 4.7 million registered users as the company accelerates plans to phase out legacy M-Pesa and MySafaricom applications. The platform consolidates mobile connectivity and financial services with enhanced security features, including direct SIM card linking to prevent fraud.
29 June 2026 · Capital News →
Kenya's Appeals Court has lifted an order that was blocking the government's sale of its stake in Safaricom to Vodacom.
26 June 2026 · The Standard →
The Court of Appeal will deliver its ruling on June 26, 2026 on an application by the State seeking to overturn the High Court's conservatory orders that have blocked the Ksh.205 billion government Safaricom stake sale. Petitioners have raised concerns over transparency and improper service, saying they will move to the Supreme Court if the Court of Appeal lifts the orders.
18 June 2026 · Citizen Digital →
Kenya's High Court declined to lift orders barring the government from selling a 15 per cent stake in Safaricom valued at over Sh205 billion, and also dismissed Vodafone and Vodacom's attempt to withdraw from ongoing petitions challenging the sale.
18 May 2026 · The Standard →
Wiper Party leader Kalonzo Musyoka filed a court petition seeking to block the government's planned sale of its 15 percent shareholding in Safaricom to South Africa's Vodacom, claiming the transaction is unconstitutional and lacks proper public participation and transparency.
28 April 2026 · Capital News →
Wiper leader Kalonzo Musyoka has asked the court to issue conservatory orders to block the government's sale of its 15 percent stake in Safaricom to Vodacom, arguing the transaction is unconstitutional, threatens public interest, and violates Article 209 of the Constitution protecting public resources.
27 April 2026 · Citizen Digital →