The High Court has ordered that the status quo be maintained in the ongoing Safaricom share sale, effectively temporarily halting the process until further notice. High court judge Lawrence Mugambi has also transferred the matter to the chief justice for the empanelment of a three-judge bench. The directive means that the 15 percent stake cannot be sold to Vodacom until all legal issues are resolved. The move comes after petitioners raised concerns that the proposed sale could jeopardize sovereign assets. Justice Mugambi ruled that the petition raises significant constitutional issues and matters of public interest, including intergenerational equity on strategic state assets.
