The Joint-sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatisation commenced public participation on Sessional Paper No. Before the session began, attendees were briefed on the facts about the proposed divestiture to ensure informed participation. Lawmakers emphasised that the primary purpose of the sale is to raise funds for critical infrastructure development, rather than to borrow for development. “Are Kenyans safe if the government loses majority shareholding in Safaricom? “While it is a great idea to direct the proceeds of the proposed sale to infrastructure, could we also consider directing some of the money to support cancer treatment, for instance?” asked Mary Wanza.

Source: The Star February 03, 2026 21:32 UTC