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Securitieslegal & regulatory news across Africa

Briefly tracks securities developments — court rulings, legislation, gazette notices, and regulatory updates — from courts and regulators across Africa. 1 updates tracked in the past 30 days, last updated 29 Jun.

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Case LawBriefly Editorial··Kenya

Safaricom Stake Sale: Petitioners Urge High Court to Declare Government Divestiture to Vodacom Unconstitutional on Revenue-Raising and Public Asset Disposal Grounds

Petitioners before the High Court's Constitutional and Human Rights Division are seeking a declaration that the government's proposed sale of a 15 percent Safaricom stake to Vodacom Group is unconstitutional, arguing the National Treasury has no authority to raise revenue through disposal of public assets outside the constitutional framework for taxation, charges, and borrowing.

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