×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Auto dealer Caetano Kenya targets Coast with French, Chinese trucks
Business
The untold story of small tea farmers: Some bad news in the 'bonus' month
Business
Is State's digital push fuelling youth debt and betting crises?
Business
How UAE is taking its Africa investment into new sectors