×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - 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
By AFP 48 mins ago
Business
IMF cuts 2026 global growth forecast on Mideast war
Business
Stanchart clashes with pensioners, RBA in Sh7 billion payout battle
Business
Women urged to take up leadership in supply chain sector
Opinion
To unlock potential, Africa must embrace intergenerational leadership