Leading a high-profile opposition press briefing in Nairobi today, the opposition politician has strongly condemned the government's decision to sell its 15 percent stake in telecom giant Safaricom PLC to South Africa’s Vodacom.
According to reports, the transaction is expected to inject a staggering Ksh 200 billion into state accounts by Friday.
However, the opposition views this windfall not as an economic victory, but as a reckless liquidation of public wealth.
He has argued that Safaricom is far more than just a telecommunications firm, describing it instead as a critical pillar of Kenya's national security and economic infrastructure.
By offloading such a substantial portion of shares, the opposition warns that the Kenyan government risks relinquishing its control, effectively reducing the country to a minority shareholder in one of its most lucrative and strategic national assets.
The press briefing underscores growing anxieties regarding national sovereignty and the transparency of state asset divestitures.
Opposition leaders flanking Kalonzo have echoed these sentiments, questioning the timing, procedural legality, and ultimate beneficiary of the rapid buyout.
They maintain that a company handling massive volumes of public data and mobile financial transactions through M-Pesa should remain firmly under public stewardship.
As the Friday deadline approaches for the cash to hit government accounts, this briefing sets the stage for a major political and legal showdown.
The opposition’s unified stance signals a determined effort to challenge the privatization drive, demanding full accountability and an immediate halt to what they term the systematic auctioning of Kenya’s economic crown jewels.
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