Safaricom Divestiture Talks Move To Counties Across The Country

Public participation on the proposed Safaricom divestiture kicked off at the county level, marking the next phase of consultations after the conclusion of parliamentary hearings.

Early feedback from the first day of engagements indicates that many Kenyans are broadly receptive to the transaction, particularly its potential to unlock much-needed funding without resorting to higher taxes or additional public borrowing. Participants have welcomed the government’s exploration of alternative financing options at a time when fiscal pressure remains high.

However, the discussions have also surfaced clear and consistent concerns. Members of the public are seeking firm assurances on two critical fronts. First, they want guarantees that any proceeds from the divestiture will be managed prudently, with robust safeguards to prevent wastage, mismanagement, or misuse of public funds. Transparency and accountability emerged as dominant themes across counties.

Second, participants are keen to ensure that the transaction does not lead to a loss of national control or negatively affect Safaricom’s strategic position. Concerns raised include the risk of ceding influence to foreign interests, potential job losses, and the possibility of higher costs for consumers.

As county-level forums continue across the country, the process is expected to provide a clearer picture of public expectations and red lines, shaping how the government proceeds with one of its most closely watched proposed transactions in recent years.

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