Telkom to split away mobile money arm on delayed nod

Telkom Kenya CEO Mugo Kibati. PHOTO | SILA KIPLAGAT | NMG

Telkom Kenya has cited delays in getting approvals from the Communications Authority of Kenya (CA) for the dragged formation of two subsidiaries announced last year.

Telkom, in May 2021, said it was re-organising its company structure to create two wholly-owned subsidiaries -- Telkom Digital and T-Kash -- for its financial services businesses that had kicked off in August 2020.

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