{
  "id": 7721719,
  "title": "Mbadi responds after court ruling on Safaricom share sale, vows to challenge decision",
  "url": "https://urgent.news/2026/09/16/mbadi-responds-after-court-ruling-on-safaricom-share-sale-vows-to",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T06:05:35.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/news/mbadi-responds-after-court-ruling-on-safaricom-share-sale-vows-to-challenge-decision"
  },
  "original_language": "en",
  "account": "National Treasury pledges to challenge High Court ruling on Safaricom share sale, insisting the transaction complied with the law. Cabinet Secretary John Mbadi stated the government's shares in Safaricom PLC would be restored to state ownership. The court ordered the divestiture, claiming the process lacked sufficient public participation. Mbadi defended the sale, saying it followed Cabinet and Parliament approval. The Treasury will study the judgment before outlining grounds for the appeal. The government sold its 15 percent stake to Vodacom for Ksh204.3 billion, with additional value from future dividend rights. The High Court ruled the divestiture invalid, citing inadequate disclosure of information. Mbadi maintains the government conducted extensive public engagement and safeguards were adequate. The legal battle will proceed to the appellate courts.",
  "summary": "The National Treasury has vowed to challenge the High Court decision of Tuesday, September 15, 2026, nullifying the government’s 15 per cent Safaricom stake sale, with Cabinet Secretary John Mbadi insisting the transaction followed the law. Mbadi said Treasury would pursue an appeal after the court ordered the government’s shares in Safaricom PLC restored to […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "People Daily Kenya",
        "title": "How much Vodacom paid and what the Safaricom share sale deal entailed",
        "url": "https://urgent.news/2026/09/16/how-much-vodacom-paid-and-what-the-safaricom-share-sale-deal-entailed",
        "published": "2026-09-16T04:50:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}