Treasury Cabinet Secretary John Mbadi has clarified why the National Treasury has not initiated the sale of the government's 15 per cent stake in Safaricom to the Nairobi Securities Exchange (NSE) for public purchase.Mbadi spoke on a Wednesday morning radio show, December 10, 2025, about growing controversy surrounding Vodacom's purchase
Tag: Safaricom sale
Mbadi Defends Safaricom Stake Sale as Strategic Move, Not Desperation
The Treasury Cabinet Secretary John Mbadi has acted to address public worries surrounding the government's sale of a 15 percent share in Safaricom to Vodafone. This transaction is valued at approximately $1.56 billion (Ksh204 billion), along with an additional Ksh40.2 billion dividend pre-payment, bringing the total to Ksh244 billion.In an