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I am the best in business - Ngumi on Sh400m pay in Telkom deal

Investment banker John Ngumi. [Boniface Okendo, Standard]

The mystery surrounding the rushed deal in which the government acquired Telkom Kenya from UK firm Helios Investment Partners just days before last year's elections further deepened yesterday as it emerged the company was willing to take partial payments.

The National Treasury on August 5 paid Sh6.1 billion for a 60 per cent stake in the telecommunications company without first seeking approval from Parliament. The transaction saw the government assume whole ownership of the company.

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