Kenyan Govt stake in TKL
Hi Listers, Anyone with info on how the Govt stake in TKL reduced to 30% from 49%? Was the 19% ceded to Orange to settle the dispute that they had with the Govt? David
@David, There's a past BD article that mentioned the drop from 49% to 39%. Apparently it's in the finer details of some MoU. http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom... Tony.
Addendum : The BD article has some links to related news. One of them seems to answer your query.<http://www.businessdailyafrica.com/Corporate+News/France+Telecom+closes+door+on+Treasury/-/539550/1916088/-/jwy5ao/-/index.html> "The government’s stake in Telkom Kenya stood at 49 per cent in November, but dropped to 40 per cent in December following a Sh34 billion balance sheet restructuring plan. This further dropped to 30 per cent in June after the Treasury failed to raise Sh2.4 billion for the cash call." Tony.
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David Kariuki -
Tony Likhanga