The sale of the government’s 15 percent stake in Safaricom has elicited healthy debate. Some critics of the deal argue that the State is giving up a strategic asset and could be undervaluing the future earnings prospects of the firm.
Some reports have stated that the government would be leaving up to Sh15 billion worth of future dividend payments on the table by cashing out an upfront payment of Sh40.2 billion from Vodacom.
