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Telkom deal
Caption for the landscape image:

Treasury picks law firm to fight Sh6bn Telkom shares case in London

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From left: Then ICT Cabinet Secretary Joe Mucheru, his National Treasury counterpart Henry Rotich and Helios Investment principal partner Pierre Heinrich during the sale of Telkom Kenya shares held by Orange East Africa to Jamhuri Holdings Limited at Treasury buildings in Nairobi in mid-June 2016.

Photo credit: File | Nation Media Group

The National Treasury has contracted G&A Advocates to represent Kenya in an arbitration case stemming from the Kenya Kwanza administration’s revocation of a Sh6.19 billion sale of Telkom Kenya shares to London-based Helios Investment Partners.

Kenya will pay G&A Advocates Sh358 million to defend the case filed by Helios, through its special purpose vehicle Jamhuri Holdings Ltd (JHL).