Mbadi: Why we sold Safaricom shares to Vodacom, not the public

The National Treasury has defended its plans to sell a15 per cent stake in Safaricom to Vodacomwhile shunning the option of offloading the shareholding through a public offer that would have given local investors an opportunity to increase their ownership in the region’s most profitable company.For the past few days, the government hascome under sharp criticismafter it emerged that it would be reducing its shareholding in the telco.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

For the past few days, the government hascome under sharp criticismafter it emerged that it would be reducing its shareholding in the telco.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

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