Legislators will resume sittings on Tuesday, February 10, 2026, with a focus on key financial and legislative matters, aimed at shaping the country’s 2026 budget, overseeing public resource management and guiding major policy reforms.

Key agenda items include the 2026 Budget Policy Statement (BPS), the Debt Management Strategy (DMS), and Sessional Paper No. 3 of 2025, detailing plans for the partial sale of government stakes in Safaricom.

Under the law, the National Treasury is required to submit the BPS and the DMS to the National Assembly by February 15 each year.

The BPs provide a comprehensive overview of the current economic conditions and the medium-term fiscal outlook. It highlights the government’s priorities, proposed spending limits for the national government, and planned transfers to county governments.

This statement also specifies the allocation of resources to various ministries, departments, and sectors for the upcoming financial year, including the guiding criteria for distributing funds across programmes and projects.

Meanwhile, the DMS presents a detailed assessment of public debt, including the total debt stock, sources of government borrowing, guarantees issued, and potential risks. It also outlines the approach to debt management and evaluates the sustainability of both current and prospective debt.

Once endorsed by Parliament, these documents serve as the foundation for the Division of Revenue Bill, which determines how revenue collected by the national government will be shared between the national and county governments.

During the fifth session, MPs are also expected to consider Sessional Paper No. 3 of 2025, through which the government seeks to generate approximately Ksh204 billion in gross proceeds by selling a 15 per cent stake in Safaricom at a premium of 23.6 per cent above the six-month volume-weighted average price ended December 2, 2025.

During a recent legislative retreat in Naivasha, MPs expressed concerns that approving the Sessional Paper on Safaricom’s partial divestiture before the Infrastructure Fund Act is enacted could expose the proceeds to misallocation.

The National Treasury intends to sell six million shares to South African telecommunications firm Vodacom at Ksh34 per share. The government currently owns 35 per cent of Safaricom, with an estimated market value of between Sh280 billion and Sh300 billion, while Vodacom holds 40 per cent. The transaction is scheduled to take effect from March 26, 2026.

The Sessional Paper was tabled in the National Assembly on December 4, 2025, and referred to the Departmental Committee on Finance and National Planning and the Committee on Public Debt and Privatisation.

The two committees have been conducting joint public participation on the proposal since December 8, 2025.

Also lined up in the session for consideration are the proposed National Infrastructure Fund and the Sovereign Wealth Fund. Upon introduction by the National Executive, MPs will debate the legislative framework for establishing the Ksh5 trillion National Infrastructure Fund alongside the Sovereign Wealth Fund, both designed to attract large-scale private capital and reduce government reliance on borrowing and taxation.