Puzzle of Sh12bn Telkom, bank shares

Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u on May 17, 2023.  

Photo credit: File | Nation Media Group

Government shareholding in Telkom Kenya and two other companies in which the Treasury spent a total of Sh12.5 billion to acquire additional shares between July 2022 and June last year remained unchanged over the period, according to a new report.

The report from the Treasury shows that the value and number of shares held by the government in Telkom Kenya, African-Export Import Bank (Afreximbank), and Eastern Southern African Trade & Development Bank (PTA Bank) had not changed as of June 2023.

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