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flag Kenya sold 15% of Safaricom to Vodacom for $2.1 billion, sparking opposition claims of undervaluation and lack of transparency.

flag Kenya's government sold a 15% stake in Safaricom to Vodacom Group for $2.1 billion, valuing the deal at Sh240.5 billion, with Vodacom set to become the majority shareholder. flag The sale, approved by regulators, aims to fund the National Infrastructure Fund and avoid increasing national debt. flag Critics, including opposition leaders Kalonzo Musyoka and Rigathi Gachagua, allege the shares were undervalued at Sh34 each, far below the Sh70 market price, and accuse the government of bypassing public consultation. flag They claim the transaction could cost Kenyans over Sh250 billion and accuse President William Ruto of weakening democracy by selling state assets without transparency. flag The opposition plans to challenge the sale with over 100 lawyers and is uniting parties ahead of the 2027 elections. flag Meanwhile, the government defends the move, stating it retains a 20% stake and board representation.

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