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Telkom Kenya in KES 6 billion debt

03 June 2013, 08:18

Nairobi - Daily Nation reports KES 6 billion from taxpayers may be used by the government to fund Telkom Kenya to enable it carry on with its operations.

The Treasury is fighting to hang on to its dwindling shareholding in the troubled company, 51 per cent of which was sold to France Telecom.

If more money is not poured in, the government’s stake in what used to be a giant parastatal, built over many years with Kenyans’ taxes, will continue to be watered down. 

- For more visit Daily Nation

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