MPs Cut Short Recess To Fast-Track Safaricom Stake Sale
News Updated: 05 January 2026 16:33 EAT
National Assembly sitting arrangements. M
Members of Parliament are set to cut short their Christmas recess and return to the National Assembly before January 26.
The early recall is aimed at fast-tracking approval of the government’s plan to sell a 15 per cent stake in Safaricom.
MPs were initially scheduled to resume sittings later in January, with full House business expected in early February.
The Executive requested the early return to meet tight timelines linked to the proposed transaction.
The planned sale involves about six billion Safaricom shares, representing 15 per cent of the company.
The government currently owns a 35 per cent stake in Safaricom and intends to partially divest.
Treasury estimates the sale could raise about Sh245 billion for the exchequer.
The funds are expected to support budgetary needs within the current financial year.
Key parliamentary committees are expected to reconvene ahead of the January deadline.
The Finance and National Planning Committee will play a central role in reviewing the proposal.
Committees dealing with privatisation and public debt are also expected to scrutinise the deal.
The proposed stake sale has attracted public and political debate over valuation and transparency.
Parliamentary approval is required before the transaction can proceed.
Once cleared, the deal will still need regulatory approvals from relevant authorities.
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FELIX MAKONA
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