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Central Bank of Kenya Governor Kamau Thugge.PHOTO/Nairobi Law Monthly
Business

CBK says Safaricom stake sale will not threaten financial stability

CBK Governor Kamau Thugge told the National Assembly’s joint committee on Finance and National Planning and Public Debt and Privatisation that the sale of a 15 percent government stake to South Africa’s Vodacom Group is unlikely to affect M-Pesa, the mobile money service holding more than Sh250 billion in customer funds.

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Institute of Certified Public Accountants of Kenya (ICPAK) Chairman Elizabeth Muvui appears before the joint committee of the National Assembly (Public Debt and Privatization and Finance and National Planning) during the debate of the Safaricom share sale in Nairobi, Kenya, on Wednesday, 14 January 2026. Photo/David Bogonko Nyokang’i.
Business

ICPAK raises transparency concerns over the proposed sale of Safaricom shares

ICPAK Chairman Elizabeth Muvui, speaking before the legislators, cautioned that the proposed share price has not been supported by a clearly disclosed valuation methodology,

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