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Petition filed to block State's Sh204b Safaricom shares sale to Vodacom

Treasury CS John Mbadi. [File, Standard]

Two activists have moved to court seeking to halt the government’s planned sale of a 15 per cent stake in Safaricom to Vodacom Group, arguing the Sh204.3 billion transaction is undervalued and secret.

Tony Gachoka, a veteran journalist and KANU spokesman, and economics professor Fredrick Ogola have filed a constitutional petition at the Milimani High Court challenging what they term an illegal sale that threatens national sovereignty and security.

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