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Opposition threatens legal action over government’s sale of Safaricom shares to Vodafone

  • | Citizen TV
    3,112 views
    Duration: 3:42
    The government’s plan to sell six million Safaricom shares to Vodafone has drawn sharp criticism, with the Opposition threatening to challenge the deal in court. Opposition leaders say they will file a formal petition, arguing that the proposed sale completely sidelines Kenyans, who are the ultimate owners of the telecom giant. They further claim that the expected proceeds from the transaction fall far short of Safaricom’s true market value, describing the deal as unfair and undervalued