Why Ruto is under fire over Safaricom, KPC sale

The government’s push seen in recent weeks to sell its stake in Safaricom and the Kenya Pipeline Company demonstrates Kenya Kwanza’s resolve to sell what is deemed as strategic national assets, despite the protests by many Kenyans. 

In the last week, Parliament has been receiving public views on the sale of National Treasury’s 15 per cent stake in Safaricom to Vodacom, a move that will dilute government’s stake to 20 per cent, while increasing Vodacom’s shareholding to a controlling 55 per cent. 

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`;
} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
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function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

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The government’s push seen in recent weeks to
sell its stake in Safaricom
and the Kenya Pipeline Company demonstrates Kenya Kwanza’s resolve to sell what is deemed as strategic national assets, despite the protests by many Kenyans. 

Follow The Standard
channel
on WhatsApp