Public consultations on the government’s proposed sale of its stake in Safaricom Plc show strong support from Kenyans who see the move as a way to fund job creation, youth initiatives, and community development projects.
The proposal involves selling 15 per cent of Safaricom shares to Vodafone at Sh34 per share, while the government retains 35 per cent, valued at Sh280 billion to Sh300 billion.
Participants attending forums in counties including Kitui, Nairobi, and Nakuru said the transaction could generate substantial revenue for programs that benefit young people and underserved communities, without adding to the tax burden or increasing national debt.
Many residents highlighted that the divestiture could raise around Sh200 billion, which could be directed toward infrastructure, affordable housing, and social programs that expand opportunities for youth.
They also stressed the importance of legal safeguards to ensure the funds are used transparently and effectively.
Speaking during the consultations, Moro MP Kimani Kuria said the government chose to sell shares to Vodafone, a long-standing partner with sector experience, rather than to an unfamiliar buyer. He added that the sale would help reduce debt inherited from previous administrations while promoting development.
“The government is only selling 15 percent, and the buyer is purchasing at Sh34 per share, compared to the current market rate of Sh28,” he said.
Residents said the funds must translate into real development on the ground.
Jerusha Muthoni, from New Mukuru Estate, said: “I fully support the move 100 percent because the money will be for development,”
highlighting the government’s affordable housing efforts. Samson Kumenda, from Njiru Sub-County, supported the sale but emphasized transparency.
“I support the move, but there needs to be transparency in the dealing. Before the government bought Safaricom shares, they had envisioned that they would sell them one day,” he said.
From Bahati Constituency, Eddie Odongo said the divestiture is a better alternative to overtaxing citizens.
“This is a good move. The money will be used for development purposes,”
he said. John Maina, also from Bahati, stressed that proceeds should be directed to infrastructure projects that create employment.
“I support the proposed sale of the government’s stake in Safaricom since it will help accelerate infrastructure development. Once the money is obtained, it should be used wisely,” he said.
Other residents underlined the importance of local benefits. Elizabeth Kosgei, from Rongai, jokingly urged the government to prioritize visible projects in communities: “Don’t forget us! Pesa ikitoka, construct roads for us as we pregnant women have been suffering and we will appreciate it,”she said.
In Kitui, Gideon Muthoka said the sale would reduce Kenya’s dependence on foreign loans while allowing stalled projects to be completed.
“The government is just selling what they own — you sell what is yours, and this is what they are doing,” he said.
Nicholas Musili added:“Instead of borrowing and overtaxing Kenyans, let the government sell the shares.”
Participants said their support will depend on whether the funds are used to create jobs, support youth programs, and deliver measurable benefits to communities across the country.