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Mbadi tables Safaricom share sale documents

• Feb 25, 2026 • Nation Nation
Treasury CS John Mbadi before a joint sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatization on January 13, 2026.
Proceeds will be ring-fenced in a new National Infrastructure Fund to finance bankable projects.

Key Takeaways

  • Treasury CS John Mbadi submitted all requested documents to Parliament regarding the government's planned partial sale of Safaricom shares to Vodacom South Africa.
  • The government aims to divest a 15% stake in Safaricom for approximately Sh204 billion ($1.57 billion), with shares priced at Sh34 each.
  • Proceeds from the share sale are designated for a newly established National Infrastructure Fund.
  • This transaction will increase Vodacom's ownership in Safaricom from 40% to 55%, reducing the government's stake from 35% to 20%.
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