Parliament approved government plans to sell 15 per cent stake in Safaricom. [File, Standard]
President William Ruto’s administration has suffered a major blow after the High Court declined to lift orders barring it from selling a 15 per cent stake in Safaricom valued at over Sh205 billion.
The ruling, delivered by a three-judge bench of the High Court comprising Justices Francis Gikonyo, Roselyne Aburili and Tabitha Ouya, also dismissed Vodafone and its subsidiary Vodacom's attempt to have their names out of ongoing petitions challenging the sales.
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