Treasury Cabinet Secretary John Mbadi has responded to the High Court decision that nullified the sale of the government’s 15 per cent stake in Safaricom to Vodacom.
The High Court ruled on Tuesday, September 15, 2026, that the transaction was unconstitutional and ordered the shares to be returned to state ownership.
Following the ruling, Mbadi said the National Treasury would challenge the decision through the appropriate legal channels.
Speaking in Kisumu on Wednesday, September 16, Mbadi said Treasury was studying the full judgment before setting out the grounds for its challenge.
He maintained that the Safaricom share transaction had been carried out in accordance with the law and indicated that the government would seek further judicial review of aspects of the court's findings.
The court decision has put the government’s Safaricom stake sale under fresh legal scrutiny after the transaction was completed earlier in the year.
Mbadi said Treasury would carefully examine the judgment and take the necessary legal steps in response.
The development comes as the government and other parties involved in the transaction prepare for the next stage of the legal process.
The Safaricom share sale has attracted significant attention because of the value of the transaction and the government's role as a shareholder in the telecommunications company.
The latest response from Treasury means the legal dispute over the 15 per cent stake is set to continue as the government challenges the High Court ruling.