Court of Appeal clears sale of Safaricom stake to Vodacom

The Court of Appeal has lifted conservatory orders that had temporarily halted the government’s planned sale of a 15 per cent stake in Safaricom Plc to Vodacom. The High Court had put breaks on the multibillion-shilling sale pending the determination of a constitutional petition against it. In their ruling, the three judge bench of the appellate court found that the government had met the legal threshold required for the grant of a stay and concluded that public interest considerations favoured lifting the suspension