By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: CA Threatens To Withdraw Telkom Kenya Licence Over Ksh.9.4B Debt
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > CA Threatens To Withdraw Telkom Kenya Licence Over Ksh.9.4B Debt
Business

CA Threatens To Withdraw Telkom Kenya Licence Over Ksh.9.4B Debt

hallanaija
Last updated: March 21, 2023 8:01 pm
hallanaija
2 years ago
Share
Telkom Kenya
SHARE

Thousands of employees at Telkom Kenya could lose their jobs as the government has threatened to withdraw the firm’s licence.

Communications Authority of Kenya (CA) CEO Ezra Chiloba says the State agency will not renew Telkom ‘s licence owing to its huge debt burden amounting to Ksh.9.4 billion.

Chiloba made the shocking revelations when he appeared before a joint committee of Parliament probing the Telkom Kenya buyout on Tuesday.

“What this means is that when Telkom comes under review for a new licence, which is due next year, most likely the authority will not grant that licence,” said the CA boss.

“There are major regulatory issues that we’re concerned about. When I talk about Ksh.9.4 billion, at the time we wrote the letter to National Treasury, it was Ksh.7.2 billion…but the data has since escalated.”

Telkom Kenya

Chiloba said some service providers like the American Tower that leases towers to Telkom Kenya to operate could also pull out their services soon.

“If American Towers decides to shut down Telkom, it means the customers of  will not be able to receive the service,” he noted.

READ MORE  KenGen To Drill Geothermal Wells In Tanzania

Early in the day, Keiyo South Member of Parliament Gideon Kimaiyo revealed to the committee that there were already plans underway to sell all shares held by Jamhuri Holdings and the government of Kenya to another entity; claims that board Chair Edward Njoroge confirmed to the committee.

MPs accused the Telkom Board Chair of being used by the Mauritius and Cayman Islands-based Helios Company to micromanage the company in their favor.

Mr. Njoroge was hard pressed to explain his role in the irregular buy out of the firm

Kenyan tea classified as ‘essential commodity’ in Pakistan
Kenya Partners With Liptons To Improve Quality Of Tea
Private investor to run National Oil fuel stations
Gov’t Announces Nationwide Registration Exercise For LPG, Petroleum Businesses
Treasury forced to return to shoestring budget as Finance Bill collapses.
Share This Article
Facebook Email Print
Previous Article kenya Kenya steps up judicial cooperation with China, Italy
Next Article Vincent Onyala (right) of Kenya Simbas tackles Elephans Athenkosi Mayinje of Eastern Province Elephants of South Africa supported by teammate Brian Waraba (left) during their Currie Cup Division One match at RFUEA ground on June 11, 2022. RFUEA to host Currie Cup matches, again
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • I’m afraid of returning to Liverpool – Salah reacts to Jota’s death
  • Man arraigned for allegedly swindling Ksh.4.1 million in car sale scam
  • Congo, M23 rebels plan return to Qatar talks amid Trump pressure
  • US House passes Donald Trump’s controversial ‘One Big Beautiful Bill’
  • Blac Chyna calls off engagement to rapper Derrick Milano

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?