Partial sale of the government’s Safaricom stake to cost billions in advisory fees

The partial sale of the 15 percent stake in Safaricom by the government is set to cost the national treasury over 3.3 billion shillings. The funds will cater for the charges to transaction advisors and will be paid upon completion of the 244.2 billion shillings. This now raises questions from members of parliament on why the treasury could not rely on its own capacity. And as Jimmy Mbogoh reports, these are not the only charges the government will have to meet in the transaction.