Safaricom PLC has issued a statement following a High Court ruling that invalidated the government’s sale of its 15 per cent stake in the telecommunications firm.
In a statement released on Tuesday night, September 15, the company said it was reviewing the judgment and assessing its implications.
Safaricom added that the matter remained subject to ongoing legal proceedings, noting that further updates would be issued when appropriate.
The company said the court’s decision concerned the government’s divestiture of its 15 per cent shareholding to Vodafone Kenya Limited, effectively benefiting Vodacom Group Limited.
Safaricom further disclosed that the transaction had been completed on June 30, 2026, after the Court of Appeal lifted conservatory orders and the relevant conditions for the deal were fulfilled.
Despite the legal developments, the telecommunications firm assured customers in Kenya and Ethiopia that it would continue providing its services as the matter progresses through the courts.
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The company said it remained committed to connecting people and businesses to opportunities, empowering communities and using technology to address societal challenges.
The response followed a ruling by a three-judge High Court bench on Tuesday, September 15, which declared the government’s divestiture of its 15 per cent stake in Safaricom unconstitutional.
The court found that the transaction had proceeded without adequate public participation, contrary to Articles 10 and 118 of the Constitution.
The government had sold its 15 per cent shareholding in Safaricom to Vodacom in a transaction valued at Ksh204.3 billion.
