Business
EACC Approves Airtel-Telkom Merger
According to records, the State has only 40 percent shares in Telkom while Helios clutches the remaining 60 percent.This implies that Telkom Kenya isn’t subjected to State Corporations Act, and therefore, can’t be probed by EACC as the Parliament had requested.
The merger hopes are still danglis as on Friday last week, CA said that it was yet to receive the letter from EACC.
“CA is yet to receive EACC clearance to progress the merger,” said the Communication controller.
EACC clearance was not the only hurdle as CA had instracted the two telcos to clear any debts before their merger can be certified.
Safaricom had written to CA blocking the merger plans before Telkom and Airtel their debts. According to Safaricom acting CEO Micheal Joseph, Telkom Kenya owes Saf Sh906.6 million and Airtel Kenya has Sh390.7 million to clear. The debts have accumulated from interconnection, co-location and fibre services charges they had sourced from Safaricom.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Nyakera Accuses Interior PS Omollo of Orchestrating Predawn Raid on His Kisumu Hotel in Bid to Seize Sh235m Property
THE DIRT: Dissecting Five Firms Requesting Mining Licenses in Kenya
Caught On Camera: Everything You Need To Know About NTSA’S Instant Fines System
Sudan Wants RSF Declared Terrorist Group
The New Master of the Nation: How a Tanzanian Billionaire With a President in His Pocket Just Bought Kenya’s Most Powerful Press
Madagascar Leader Michael Randrianirina Dissolves Government In Surprise Move
CS Wandayi Convenes An Emergency Meeting With Oil Marketers Amid Fears Of Fuel Shortages in Kenya
Sh50 Billion Vanished: Audit Exposes Massive Looting Inside Kenya’s SHA
The Minnesota Blueprint: How a Global Healthcare Fraud Model Is Now Targeting Kenya’s SHA Funds
Top 7 Reasons People Choose to Remove Their Tattoos
Alleged Male Lover Claims His Life Is in Danger, Leaks Screenshots and Private Videos Linking SportPesa CEO Ronald Karauri
Russian Man’s Secret Sex Recordings Ignite Fury as Questions Mount Over Consent and Easy Pick-Ups in Nairobi
THE FIRM IN THE DOCK: How Kaplan and Stratton Became the Most Scrutinised Law Firm in Kenya
Multi-Million Dollar Fraud: Three Kenyans Face US Extradition in Massive Cybercrime Conspiracy
Iran Demands Arrest, Prosecution Of Kenya’s Cup of Joe Director Director Over Sh2.6 Billion Tea Fraud
Ex-Inchcape Kenya CEO Sanjiv Shah Charged With Bank Fraud
FBI Investigates Congresswoman Ilhan Omar’s Husband’s Sh3.8 Billion Businesses in Kenya, Somalia and Dubai
A Farm in Kenya’s Rift Valley Ignites a National Reckoning With Israeli Investment
A UN Director Based in Nairobi Was Deep in an Intimate Friendship With Epstein — He Even Sent Her a Sex Toy
Kenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
-
News6 days agoEx-Inchcape Kenya CEO Sanjiv Shah Charged With Bank Fraud
-
Development1 week agoKenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
-
Politics1 week agoNIS Kismu Hotel Secret Tape That Sealed Gachagua’s Fate and MP Ng’eno Death in A Chopper Crash
-
Business1 day agoWaweru’s Bank Pockets Sh1.16 Billion from KPC IPO While Ordinary Kenyans Fled the Sale
-
Investigations2 days agoSOLD TO THE BULLET: How the Bodyguard Handed MP Ong’ondo Were to His Killers
-
News2 weeks agoInvestor Sued Over Sh30,000 Fee to Access Runda Road
-
Investigations1 week agoI Swore Never To Hire The Chopper Again, Author Recalls Harrowing Experience in Helicopter That Killed MP Ng’eno Alleges Poor Maintenance By Owners
-
Investigations2 weeks agoDid Festus Omwamba Take the Fall? The Puzzle of a Senator’s Ouster and a Call to the CS