Three-Judge Bench Appointed to Hear Case on Safaricom 15pc Share Sale

Wait 5 sec.

NAIROBI, Kenya Mar 25 – A three-judge bench has been constituted to hear and determine a case challenging the proposed sale of a 15 percent stake in Safaricom.The bench comprises Eric Ogolla, Roselyne Aburili, and Tabitha Ouya, who will preside over the matter due to its public interest and constitutional implications.The case stems from concerns over the planned sale of a 15 percent shareholding in Safaricom, with petitioners questioning the legality, transparency, and regulatory compliance of the transaction.Safaricom plays a critical role in the country’s economy through its telecommunications services and mobile money platform, M-Pesa.The petitioners argue that the sale could have far-reaching implications, including public interest concerns, given the government’s stake in the company, regulatory oversight, particularly whether due process was followed, transparency in the transaction, including disclosure of buyers and terms and its impact on strategic national assets, as Safaricom is seen as a key economic driver.The case is also expected to examine whether relevant institutions complied with constitutional provisions on public participation and accountability in transactions involving state interests.