When politics meets the stock market, clarity often gets lost in the noise. Recently, Kiharu MP Ndindi Nyoro claimed that the sale of a 15 percent stake in Safaricom to Vodacom was “underpriced” and called for renegotiation. But the facts tell a different story.
At the time of the transaction, Safaricom shares were trading at around Sh29 on the Nairobi Securities Exchange, making the Sh34 sale price a premium. Today, with shares trading near Sh33.85, some are quick to claim vindication—but markets do not stand still, and hindsight is not evidence of wrongdoing.
