Safaricom, KPC sale: Why Ruto is under fire for disposal of key assets

The government’s push seen in recent weeks tosell its stake in Safaricomand the Kenya Pipeline Company demonstrates Kenya Kwanza’s resolve to sell what is deemed as strategic national assets, despite the protests by many Kenyans.In the last week, Parliament has been receiving public views on the sale of National Treasury’s 15 per cent stake in Safaricom to Vodacom, a move that will dilute government’s stake to 20 per cent, while increasing Vodacom’s shareholding to a controlling 55 per cent.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log inFollow The Standard
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In the last week, Parliament has been receiving public views on the sale of National Treasury’s 15 per cent stake in Safaricom to Vodacom, a move that will dilute government’s stake to 20 per cent, while increasing Vodacom’s shareholding to a controlling 55 per cent.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log inFollow The Standard
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on WhatsApp

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