Airtel Kenya’s auditors have raised the red flag on the company’s financial health after the telecommunications firm posted a Sh2.89 billion loss last year, raising its cumulative losses to Sh68.09 billion.
Airtel, which is in merger negotiations with the government-owned Telkom Kenya, is now insolvent to the tune of Sh8.14 billion after the gap between its liabilities and assets widened further from the Sh2.86 billion recorded in 2017.
