ICPAK Appears Before the National Assembly on the Government’s Proposed Partial Divestiture in Safaricom PLC.
On 14th January 2026, the ICPAK delegation led by Chairman CPA Prof. Elizabeth Kalunda Muvui appeared before the Joint Committees of the National Kenya National Assembly to make a submission on the Government’s proposed partial divestiture in Safaricom PLC.
The submission reviewed the Sessional Paper No. 3 of 2025, and proposed policy recommendations such as the need for a transparent valuation and pricing methodology, impact of the diverstiture on government revenue, potential implications for future privatisation initiatives, and the risks of overreliance on foreign portfolio flows, which can increase market volatility and weaken the domestic investor base.
The Chairman was accompanied by members of the ICPAK Public Policy and Governance Committee, CPA Sandeep Main and CPA Esther Wamalwa, alongside members of the ICPAK Secretariat. Click here to access the proposals 14.01.2026 ICPAK SUBMISSION ON SESSIONAL PAPER NO. 3 – SALE OF SAFARICOM SHARES
