On Tuesday this week, there was the Telkom (K) bidders conference. The government incresaded Telkom's equity for sale from 26% to 51% to make the offer attractive. Among those interested in the former monoploy are British Telcom, Bharti Airtel, Reliance Commuincations, VTel Holdings. Later on, about 19% will be off-loaded via NSE with both shareholders reducing their %age considerably.
Stanchart has recorded a Ksh2.3B pre-tax profit for the first six months of the year. Its a 21% increase.
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