Kenyan government faces scrutiny over plan to sell Safaricom shares

The Kenyan government's plan to sell a large stake in the telecom company Safaricom is facing significant pushback. Members of Parliament are questioning the deal, with some arguing the shares are being sold for too low a price, and others, including the Law Society of Kenya, have formally petitioned to block the sale.

Safaricom's CEO, Peter Ndegwa, told a parliamentary committee that the company was not involved in setting the sale price. Meanwhile, the Auditor-General has raised concerns about the financial risks of the payout arrangement for the deal.