The State is moving ahead with plans to partially divest its stake in Safaricom after Parliament approved the government’s proposed $1.91 billion share sale, marking one of the most significant privatisation moves in recent years. The decision follows the adoption of a joint report by the National Assembly’s committees on Public Debt and Privatisation and Finance and National Planning, clearing the way for the state to proceed with the transaction. The motion was introduced by Abdi Shurie, chairperson of the Public Debt and Privatisation Committee, who urged lawmakers to endorse the report and allow the government to begin the process…
