Lawyer and political commentator Ndegwa Njiru has raised alarm over what he terms a secretive and questionable sale of a portion of Kenya’s stake in Safaricom. Speaking on Tuesday, Njiru claimed that 15 percent of the country’s shareholding in the giant telecommunications company had allegedly been transferred to foreign interests without public disclosure or transparent procedures.
“Fellow Kenyans, your 15% shareholding in Safaricom has been sold to foreigners in a completely opaque manner,” Njiru stated, accusing top government officials of engaging in decisions that undermine public trust. He described the move as a direct attack on national assets, warning that selling key stakes without public participation jeopardizes Kenya’s economic sovereignty.
Njiru further argued that Safaricom, being one of the most profitable companies in East Africa, should be protected from opaque dealings. He said Kenyans deserved full information on who bought the shares, at what price, and under what circumstances the sale was approved.
His remarks have sparked intense debate online, with many demanding clarity from the government and regulators. Others have dismissed the claims as political rhetoric, saying official communication is needed before drawing conclusions.
So far, no formal statement has been issued by the National Treasury or Safaricom regarding the allegations.
