IFC eyeing Telkom stake

24 Aug 2006

The International Finance Corporation (IFC) has said it would be willing to invest in Telkom Kenya and it is currently holding talks with the government with a view to taking a stake in the telco. The East Africa Standard reports that the organisation has not, however, confirmed how much it would be willing to invest in state-owned Telkom, which is being restructured ahead of its privatization. The IFC, a division of the World Bank, has already invested in other African telecoms firms, including Celtel and MTN.

Kenya, Telkom Kenya