By John Mutiso
Former Vice President Kalonzo Musyoka has vowed to take legal action to halt the government’s planned sale of Safaricom shares, arguing that it threatens Kenya’s national wealth.
The Wiper leader accused President William Ruto’s administration of selling the country’s assets without proper public participation.
“We have entrusted our nation to Mr Ruto. Yet he is determined to sell everything that belongs to us. First, it was JKIA, which I challenged in court and stopped. Then came KPC, and now even Safaricom is on the line,” Kalonzo said in a statement on Sunday, December 7, 2025.
The former vice president added that he met over one hundred lawyers ready to file a petition to stop the sale.
“Last night, I met more than one hundred lawyers who are ready to file a petition to halt the illegal sale of Safaricom. Over the years, this regime has shown us exactly who they are. They have burdened Kenyans with high taxation.”
“They have turned their guns on our youths through reckless shoot orders from the president. They have been selling our assets without shame. They have allowed corruption to thrive through SHA, E Citizen and other schemes.”
“If we allow them to remain in power beyond 2027, there will be nothing left of our country,” he warned, urging Kenyans to unite under the #WANTAM movement.
Kalonzo’s concerns were echoed by former Deputy President Rigathi Gachagua, who also spoke during the church service in Kasarani. He criticised the government for undervaluing Safaricom, one of Kenya’s most profitable institutions, and for proceeding without public consultation.
“The country is being sold every day. Safaricom has been one of the greatest revenue generators for our country, about Ksh18 billion to Ksh20 billion every year. Now one share is sold for Ksh34, whereas the real value is Ksh70–80, so the country is losing around Ksh250 billion,” Gachagua said.
He warned that other state corporations, including Kenya Pipeline, Kenya Ports, and airports, had also been sold or lined up for disposal.
Gachagua used a metaphor to highlight the economic impact.
“It is like having a high-yielding cow at home. This cow provides milk for your children, but you sell it and have nothing to feed them. You eat the food, but you have no cow left to milk,” he said.
Other political figures have also criticised the government over the Safaricom sale. Kiharu MP Ndindi Nyoro said the shares were undervalued and pledged to debate Treasury CS John Mbadi on television.
“We want Kenya to get the best value out of selling our most prized asset called Safaricom,” Nyoro said.
Mbadi defended the pricing, explaining the government relied on a six-month share price average and added a premium.
The government plans to sell 6,009,814,200 ordinary shares, equivalent to 15 per cent of Safaricom, at Ksh34 per share. The total transaction value is Ksh244.5 billion. After completion, the State’s ownership will reduce from 35 per cent to 20 per cent.
