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Wananchi Group receives Sh11.6b from shareholders

Nairobi; Kenya: Shareholders of Wananchi Group, owners of the Zuku Fiber, Zuku pay TV and Simbanet business services brands have injected Sh11.57 billion($130 million) of additional capital in the business.

The funds would be used to finance the group's growth and expansion drive in East and Southern African region. In a statement yesterday Vice Chairman Richard Bell said the funds would also be invested in new technologies and service platforms to improve the quality of the products.

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