Kenya: Kenyans set to buy 34 percent of Telkom

It is now official. The Government will sell 34 per cent of Telkom Kenya to the public through the Nairobi Stock Exchange. Another 26 per cent of the Government's shares in Telkom will be sold to a strategic investor. The President made the announcement while opening the national information and communications technology (ICT) workshop in Nairobi. The State will also sell nine per cent of its shareholding in mobile phone operator Safaricom, to Vodafone Airtouch of the UK.