The British investment firm Helios Investment Partners has turned Telkom Kenya into a fully-owned state parastatal by selling its 60% ownership.
Previously owning 40% of Telkom, the Kenyan government are now the official owners. This comes Six years after Jamhuri holdings, through its local subsidiary Orange, purchased France Telecom’s majority stake in the integrated telecoms solutions provider.
Helios left Equity Bank Group in 2015 with the sale of its remaining stake to the National Social Security Fund (NSSF) of Uganda following exits from Equity Bank Group to the Norwegian investment fund Norfund and the UK investment management company Genesis Investment Management LLP.
Following an earlier partial exit through a public offering on the London Stock Exchange, Helios recently sold its share in Vivo Energy to Vitol Group. The companies and nations in East Africa where Helios currently has interests span the financial services, technology, infrastructure, healthcare, energy, and consumer sectors.
Kenya’s mobile network operators: Telkom, Safaricom, and Airtel in April announced the interoperability of their mobile money service platforms, allowing Kenyans to make mobile money payments to a Lipa Na M-PESA Buy Goods Till, from any of the three networks. The service will exclusively be applicable to Lipa Na M-PESA Buy Goods and excludes PayBills.
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