Kenyans now have a chance to add their voice to the plan divesture of the government in Safaricom PLC.
In a notice, the National Assembly clerk says interested parties to the sale will submit their memoranda through parliament. The call says the door will be opened for among others Safaricom customers, regulators and employees to share their views.
”Memoranda on the sessional paper number 3 of 2025 may e submitted to the department on Finance and National Planning and the Public Debt and Privatization Committees by Thursday 8th January, 2026,” says the clerk Samuel Njoroge.
The National Treasury plans to offload some six billion shares it owns in Safaricom at an estimated cost of Ksh204B. This represents 15 percent of the current government shareholding of 35 percent.
“The price represents a premium of 17 percent on the 6-months volume weighted avarage price of Safaricom PLC which will enable the government to realize optimal value of its investment,” Treasury says on the Ksh34 per share offer it has received.
If successful, the government will retain two seats in the board as well as appoint a Kenyan as the chairperson of the listed telecoms.
On the other hand, Vodacom will have a controlling stake in Safaricom, but has chose not to explore the take over clause, opting to have the firms still listed at the Nairobi Securities Exchange (NSE)