A Safaricom customer care centre in Nairobi. File photo: Citizen Digital
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Treasury appeals the ruling that voided the Sh204 billion Safaricom stake sale.
The government has appealed against Tuesday's High Court ruling that declared the sale of its 15% stake in Safaricom null and void.
A three-judge bench of Lady Justice Roselyne Aburili, Justice Francis Gikonyo and Lady Justice Tabitha Wanyama Ouya ruled on 15 September that the sale to Vodacom, through Vodafone Kenya Limited, was unconstitutional. The judges found that public participation and disclosure of key information were inadequate, and that the safeguards for employees, dealers and business partners fell short of what the Constitution and the law require. They ordered the stake restored to the state.
The deal was completed on 30 June 2026. People Daily puts the core price at Sh204.3 billion, rising to about Sh244.5 billion with future dividend arrangements.
The appeal
Attorney General Dorcas Oduor filed the appeal at the Court of Appeal. Treasury Cabinet Secretary John Mbadi said the government does not accept the court's findings. "We do not accept that the safeguards built into this transaction… amounted to the constitutional and procedural failures as the court has asserted," he said. "If there is any one transaction… that did a lot of public participation on, it is this particular divestiture." He added that the Treasury "remains confident that the process followed the law and is in line with prudent financial management".
Vodacom has also said it will appeal, according to Connecting Africa.
Wiper leader Kalonzo Musyoka welcomed the ruling, saying "the people have won".
What happens to the shares and the money while the appeal runs has not been spelled out. KNN will follow the Court of Appeal listing.
Sources: Citizen Digital, People Daily, Nation, Connecting Africa, People Daily (Kalonzo)
That was a Kibra News Network report, read by an A I voice.
The government has appealed against Tuesday’s High Court ruling that declared the sale of its 15% stake in Safaricom null and void.
A three-judge bench of Lady Justice Roselyne Aburili, Justice Francis Gikonyo and Lady Justice Tabitha Wanyama Ouya ruled on 15 September that the sale to Vodacom, through Vodafone Kenya Limited, was unconstitutional. The judges found that public participation and disclosure of key information were inadequate, and that the safeguards for employees, dealers and business partners fell short of what the Constitution and the law require. They ordered the stake restored to the state.
The deal was completed on 30 June 2026. People Daily puts the core price at Sh204.3 billion, rising to about Sh244.5 billion with future dividend arrangements.
The appeal
Attorney General Dorcas Oduor filed the appeal at the Court of Appeal. Treasury Cabinet Secretary John Mbadi said the government does not accept the court’s findings. “We do not accept that the safeguards built into this transaction… amounted to the constitutional and procedural failures as the court has asserted,” he said. “If there is any one transaction… that did a lot of public participation on, it is this particular divestiture.” He added that the Treasury “remains confident that the process followed the law and is in line with prudent financial management”.
Vodacom has also said it will appeal, according to Connecting Africa.
Wiper leader Kalonzo Musyoka welcomed the ruling, saying “the people have won”.
What happens to the shares and the money while the appeal runs has not been spelled out. KNN will follow the Court of Appeal listing.
KNN Newsroom is the staff byline for stories written, rewritten and edited at the Kibra News Network desk. Where a story credits an outside outlet, the original source is linked at the foot of the piece.
