This week’s Mwango Weekly is dominated by stakeholder hearings on the Government of Kenya’s proposed 15% divestiture of its Safaricom stake, which surfaced sharp debates around valuation transparency, transaction structure, dividend monetisation, market integrity, and long-term fiscal trade-offs. While Treasury framed the deal as a fiscal optimisation tool to fund infrastructure without raising debt, regulators, professional bodies, and market participants raised concerns over pricing anchored on historical VWAP, foregone dividend streams, ownership concentration, and execution outside the NSE. Beyond the divestiture, Kenya secured significant trade relief through near-total zero-duty access to the Chinese market and the extension of AGOA to 2028, easing export uncertainty and supporting diversification efforts. Markets were mixed, with equities posting modest gains amid lower turnover, treasury bill yields easing slightly, Eurobond yields declining across the curve, and foreign investors remaining net sellers, while corporate developments, governance reforms, fuel price cuts, and continued strength in start-up funding shaped broader market sentiment.