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Uhuru Man John Ngumi Quits Kenya Airways Board

Ngumi, considered an ally of former President Uhuru Kenyatta, has been in the eye of the storm in recent weeks over his role in the controversial Ksh6.2 billion government acquisition of Helios' stake in Telkom Kenya in 2022.

Kenyan Banker Who Made Sh400 Million From a Single Deal

Mr John Ngumi is not your typical celebrity entrepreneur of financial expert. He is often a laidback corporate number cruncher who was shoved into the limelight through political appointments during the President Uhuru Kenyatta regime.

At Nation Media, Telkom Buyback Scandal Lands Editor In Trouble

It is understood that the story of the scandal, in which the government paid Ksh6.09 billion few days to the 9th August 2022 general elections, ran afoul a section of the senior Nation Media leadership.

Inside Ksh6B Telkom Deal: How Money Changed Hands

The National Assembly Joint Committees on Finance and National Planning and Communication, Information and Innovation have continued the ongoing investigations into the 100% shares Buyback of Telkom Kenya Limited by the Government of Kenya. In a session chaired by Kuria Kimani (Chair, Finance Committee), the...

Confident Of a Second Term, Safaricom CEO Peter Ndegwa Maintains a Calm Outlook

Mr Peter Ndegwa himself appears unfazed, confident that his work so far will earn him another term at Kenya’s most profitable company.

John Ngumi is Exiting as Safaricom Chairman. Here’s What You Should Know

The government holds a 35% stake in Safaricom, the region's largest and most profitable company. Ngumi, a seasoned investment banker who has sat on the boards of numerous public and private corporations, including the Industrial and Commercial Development Corporation (ICDC) as chair, has seldom been seen at key Safaricom events including the Ethiopia launches over the past year, fueling speculation that he was on his way out.