Salasya challenges Nyoro to clarify stance on Safaricom 15% sale
By Faith Lagat, January 25, 2026Mumias East MP Peter Salasya has urged Kiharu MP Ndindi Nyoro to take a definitive position on the proposed sale of the government’s 15% stake in Safaricom PLC, amid rising national debate over the transaction.
In a post on X dated January 25, 2026, Salasya cited Nyoro’s recent concerns on alleged undervaluation, the need for competitive bidding, and possible international listing.
He argued, however, that Nyoro has avoided answering a simple question: whether he supports the sale now, even at a higher price, or opposes it entirely.
“Your focus on price alone keeps the sale alive while you pose as the defender. That confuses the people. Come out clearly: Kenyans are listening. No more confusion. Answer plainly,” Salasya wro
Criticism of political record
Salasya’s critique also referenced Nyoro’s absence during a late-night parliamentary session that blocked the sale of shares in the Kenya Pipeline Company, raising questions about his commitment to protecting strategic national assets.
He urged Nyoro to publicly oppose any dilution of government ownership in Safaricom and to pledge against moves that weaken public control over key entities, framing the debate as a test of legislative accountability and national interest.
“Ndindi Nyoro has in recent days spoken a lot on the Safaricom share sale: undervaluation by billions, that there’s a need for better bidding, international listing, etc. But one simple question remains unanswered: Do you support the government selling 15% of its Safaricom stake right now (even at a higher price), or do you oppose the sale entirely and want it stopped?
Debate over valuation and process
The government plans to sell 15% of its Safaricom stake, reducing its holding from 35% to 20%, in a deal potentially worth about $1.6 billion (Ksh204 billion). Proceeds are earmarked for debt reduction, infrastructure, and bolstering forex reserves.
Proponents, including the Central Bank of Kenya, describe it as a strategic fiscal move. Critics, including civil society groups, the Law Society of Kenya, and some MPs, cite concerns over undervaluation, transparency, and loss of national influence.
Nyoro has called for broader participation to ensure a fairer price, suggesting competitive international offers could generate over Sh100 billion more.