ICPAK questions Sh34 Safaricom share price in State divestiture plan

ICPAK officials give their views regarding the sale of Safaricom shares at Glee Hotel, Kiambu Road on January 14,2026. [Elvis Ogina, Standard

The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over the government’s plan to sell a 15 per cent stake in Safaricom to Vodacom at Sh34 per share, questioning the valuation methodology and long-term fiscal impact.

During a joint sitting of the National Assembly Finance and Privatisation Committee Wednesday, ICPAK Chairperson Elizabeth Kalunda warned that the pricing could fuel public perception that a strategic national asset is being undervalued.