DNK International By Elizabeth Were,Nairobi.
A presidential aspirant has petitioned the high court to stop the sale of Safaricom shares to a South African firm Vodafone / Vodacom saying it is ill advised.
Liberal Democratic Party( LDP) Presidential aspirant Prof. Fred Ogola said the sale would permanently deprive Kenyans of future dividend income from one of the country’s most profitable strategic assents of 150 billion per year.
“The transaction raises serious questions under article 206 of the Constitution particularly on management of public funds and creation of special purpose funds without parliamentary approval,” ” Ogola said.
He was speaking at a press conferance at Milimani Law courts on Tuesday.
Ogola argues that such a move reduces government ownership and undermines public control over critical telecommunications and digital infrastructure provider.
“The transaction risks consolidating market power in the hands of a foreigh controlled monopoly,” Ogola said.
He further argued that the process has not been subjected to adequate public participation, parliamentary scrutiny or disclosure of key transaction details.
Ogola said Safaricom is not just a telecom company but a backborne of Kenya’s digital economy, mobile money system and critical national infrastructure.
He said decisions affecting its ownership have long term implications for revenue, sovereignty and economic security.
[DNK-International@January 27,2026]
