Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
House team backs Sh204bn Safaricom State shares sale
Molo Member of Parliament and Chairperson of the National Assembly’s Departmental Committee on Finance and National Planning, Kimani Kuria, chairs a joint sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatisation to deliberate on the proposed partial divestiture of the Government of Kenya’s shareholding in Safaricom PLC, at Glee Hotel, Nairobi, on January 13, 2026.
The parliamentary Finance and National Planning Committee says only Sh29.8 billion will be available for development expenditure in the 2025-26 financial year, underscoring the urgent need for divestiture of State-owned enterprises (SOEs) to ease pressure on public finances.
The committee chaired by Molo MP Kuria Kimani said out of projected ordinary revenue of Sh3.321 trillion, Sh1.097 trillion will go towards interest payments on the country’s ballooning debt, while Sh960 billion will be spent on the public wage bill.
