Jamhuri Holding Limited (JHL) through its parent company, Helios Investment, issued an ultimatum to Kenya to either fully acquire Telkom or source for strategic investors to take over ownership. This followed a raft of frustrations and bureaucracies by the government which bogged down the deal. The ultimatum, which was revealed by the former National Treasury […]
Mugo Kibati was director general for Vision 2030 secretariat from 2009 and 2013. This was the same time Lake Turkana Wind Power (LTWP) was incorporated as a Vision 2030 flagship project. Apparently, documents being reviewed by Parliamentary Public Investment Committee indicate that Mr Kibati is a chairman of the company’s board – LTWP and also […]
When spirits maker Diageo faced slowing growth in developed economies, it started expanding in emerging markets. By 2004, however, many of these mature markets were becoming saturated. Emerging markets, on the other hand, were growing quickly, and the company saw an opportunity in them. Africa provided an attractive target. Its population had been growing at […]
In June this year, Kenya Breweries Limited (KBL) re-introduced their third national consumer rewards promotions with an aim in ‘fighting illicit brews’ – promotion geared at rewarding loyal Senator beer consumers. According to the initiators, the campaign aim to provide a safe, ultra-low-cost beer to compete with illegal supplies which could play a crucial role […]
EACC has affirmed that Telkom Kenya is a private company clearing the telco to embark of its plans to merge with Bharti Africa-owned Airtel Kenya. In August, the Parliament had inquired the Ethics and Anti-Corruption Commission to scrutinize how the merger deal between the two telcos was brokered and whether the state’s interests were warranted. […]
Airtel and Telkom Kenya planned merger plans are seriously dangling as EACC launches investigations into the merger details affecting the completion deadline agreed between the two companies. Airtel and Telkom, that are without doubt Kenya’s second and third-largest telecommunications firms respectively, had set tomorrow, September 27, as the final date by which they were to […]
Kenya’s giant Telco Safaricom wants Airtel and Telkom Kenya to settle Ksh.1.3 billion debt ahead of the planned merger of operations by the two mobile service providers. Acting Safaricom Chief Executive Officer Michael Joseph stated through a statement to the media that the company is not opposed to the merger between Airtel and Telkom Kenya […]
