The sale of Telkom Kenya continues to lurch from one controversy to the next following revelations that the company that will now buy a 60 percent stake did not have any online presence until last month.
The ownership of the Dubai-based company that will inherit the stake in Telkom Kenya from PE fund Helios Partners remained scanty with Treasury and other government officials remaining cagey. Also, details of the bidding process that landed the Emirati company its first known investment on the continent were not provided by the Treasury by the time of going to press.
