MPs Question Treasury Over Stake Sale

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Members of Parliament questioned the National Treasury over its plan to sell a 15% stake in Safaricom to Vodacom. Lawmakers challenged the transparency of the sale and the legal safeguards for the proceeds. Critics warned that selling to an existing shareholder could undervalue public assets and limit diversification. Treasury officials said the transaction offered a premium price, but MPs expressed concern that the Sh204 billion could be diverted to recurrent spending without clear legal authority.