NTV-NEWS-UPDATE-GIF-HD
Telkom probe: MPs displeased with Jamhuri Holdings’ director’s absence
The directors of Jamhuri Holdings Ltd, a company that sold Telkom Kenya back to the Kenyan government for KES 6.09 billion, failed to appear before a joint parliamentary committee investigating the controversial deal.
The joint committee of the Departmental Committee on Finance and National Planning, and the Committee on Communication, Information & Innovation had invited the directors of Jamhuri Holdings Ltd, a Mauritius-based subsidiary of Helios Investment Partners, to shed light on their role in the transaction.
However, the committee only received a letter from Paul Cunningham, a partner and chief financial officer of Helios, giving answers to some of the queries raised by the legislators.
The letter did not satisfy the committee members, who expressed grave concerns over the legitimacy of Jamhuri Holdings Ltd and its involvement in the deal.
The committee co-chairs Kuria Kimani and John Kiarie said they were keen to put faces to the names of the directors and to understand their motivation for selling their 60 percent stake in Telkom Kenya to the government.
“We are in receipt of what is purported to be responses to the questions that we asked in our letter, but in terms of appearing before this committee and noting the powers and responsibilities bestowed upon us, it was important for the witness to appear in person. As it is, we are unable to establish the authenticity of this letter, purported to be from the company,” said Kuria Kimani.
“We need to establish, as a committee, if we are dealing with actual or imaginary people involved in this payment by public money. It is a matter of grave concern to us if at all these people actually exist or money was paid to imaginary individuals,” Kiarie added.
According to the Co-chairs, the flow of communication from Jamhuri Holdings is suspicious, as there are letters purporting to be replying to letters that were never sent to them by the National Assembly.
Close scrutiny points to possible illegitimacy of the letters from the Company, hence the Committee has agreed that the documents sent to them is inadmissible until the Directors appear before the MPs in person.
Among the answers the joint committee sought from the directors was if the planned exit of Jamhuri/Helios from the ownership of Telkom was approved by the Cabinet, and what was the role of the regulator (CAK) in this process.
As the joint committee continues with its inquiry, it has emerged that the money paid to Jamhuri holdings was meant to settle a debt and that Jamhuri Holdings still holds majority shares of Telkom, hence no sale was done to the Kenyan Government.
The Joint-Sitting of the Committees continues this afternoon with the former Cabinet Secretary for Finance and National Planning Ukur Yatanni set to appear before the legislators.
The committee said it would pursue other legal avenues to compel Jamhuri Holdings Ltd directors to appear before it and answer for their actions.
Shows
See AllAM Live
AM Live is NTV's morning current affairs show that sets the agenda for the day with insightful panels every weekday.
Business Redefined
Business Redefined is Kenya’s premier thought leadership platform for unpacking matters regarding economic and finance policy as well demystifying complex developments in the region’s capital markets.
Entertainment
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Full Episodes
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Gumzo La Sato
Gumzo La Sato is a live social issues show that aims to create awareness about issues affecting the larger society. The discussions range from Parenting, Marital bliss and struggles, Oppression, violence, and all matters of the Heart.
Health Diary
Health Diary is a weekly show that highlights different types of diseases/conditions and seeks ways to prevent, treat/manage them. The show debunks this through real life stories and also feature specialists in different fields, to offer medical advice on the same.
Letter To My Younger Self
Letter To My Younger Self is a podcast where guests get to write a letter to their younger self, from which Maxine formulates questions to ask them during the hour-long show.
Nation Reports
Nation Reports is a weekly podcast offers an opportunity for listeners to interact with various reporters and journey with them as they unravel the biggest most emotive stories.
One Health Lens Podcast
Discussing health matters and human stories from Kenya and across Africa. We talk big picture from people to policy, ecosystems, and everything in between. Follow us on LinkedIn: https://www.linkedin.com/company/onehealthlens
Paradise Lost
Paradise Lost peeks through the story of Louis Otieno, the times, and everything in between.
Speaking of GEN Z
Speaking of Gen Z brings you entertaining but meaningful conversations about a generation that is trying to navigate through adulthood. Join hosts Michelle, Jackie and Esther as they unravel all things Gen Z.
Sport On
Sport-On is a 30-minute sports magazine show on NTV and 3 hours on NATION FM. The show seeks to give the sports “fanatics” and “funatics” comprehensive and in-depth coverage of sports both locally and internationally.
Tech-over
The extent of technological growth is beyond mere acknowledgment; it has seamlessly integrated into our daily existence. A few years ago, the notion of paying electricity bills through mobile money or recharging with 'tokens' in Kenya seemed inconceivable. Online product sales were considered distant, and artificial intelligence is rapidly reshaping various facets of our lives. Amidst these technological leaps, those with a solid understanding of tech can navigate challenges, seize opportunities, and build a sustainable livelihood. Tech over Show aims to be the platform facilitating discussions among thought leaders, innovators, tech companies, and the government, addressing challenges and opportunities in Kenya's thriving tech industry.
Thamani
Thamani is a business show which is dedicated to emerging issues regarding micro, small and medium size businesses.
The Politalk podcast
This is The Politalk podcast. Here we look into the ins and outs of everything Kenyan politics. We pull no punches and have no reason to sugarcoat anything that matters to Kenyans.
The Trend
A two-hour-long live show that airs on Fridays. The show focuses on what is current in the entertainment industry, controversial and popular across all media platforms targeting those aged between 25 and 35 years.
The trend podcast
The trend podcast highlights and captures the best of banter from #TTTT segment that airs every Friday on NTV. It's the TTTT EXTRA
The Wicked Edition
The Wicked Edition with Dr. King’ori seeks to address serious issues through humour and relatable wit. It is a two-part half hour show filmed in front of a live audience
Trending
A collection of our premium content. Diam curabitur vehicula A collection of our premium content. Diam curabitur vehicula
Twende
Twende is a travel show that highlights beautiful, unique, diverse locations, people, and cultures. The show offers fresh perspectives on familiar locations and memorable experiences in new ones.
Unscripted
This Saturday evening lifestyle show lets viewers share their stories and life experiences as openly & honestly for the purpose of shifting the culture of silence.
VIP Access
VIP ACCESS is Anyiko Owoko’s YouTube and podcast show on Music and Culture dedicated to promoting Africa’s most promising talent and creatives. This podcast grants you VIP access into timeless interviews while providing a platform for rising as well as established artists across the continent. Since launching in 2018, Anyiko has interviewed over 70 African music stars.
WADR
This weekly news show aims to have all sides of debate but not be constrained by it, listen to main voices in the contest but not allow them to hold the viewers hostage, entertain debate but allow push back with all due respect.
When death do us part
In this podcast, three widowers openly speak about the process of grief, how they found themselves exposed to the emotional turmoil of losing their wives, and how society still does not know how to deal with them.
Your World
Your World is a health, wellness and variety show. It provides a platform for audiences and experts to share their experiences on how to improve or manage health issues, across Kenya and the Africa region.