Nipate

Forum => Kenya Discussion => Topic started by: gout on June 30, 2022, 02:56:55 PM

Title: Ufool.Plunder State Capture hits Multichoice
Post by: gout on June 30, 2022, 02:56:55 PM

The state capture thuggery is on steroids.

Quote

ay-TV provider Multichoice Group has ceded a 30 percent stake in its subsidiary GOtv Kenya Limited to unnamed local investors who did not pay for the shares.

The transaction, which reduced the South Africa pay-television giant's ownership in the business to 70 percent, was done to comply with local ownership rules.

The multinational did not name the Kenyan investors who took up the shares.

https://www.businessdailyafrica.com/bd/corporate/companies/kenyan-investors-take-30pc-stake-in-gotv-for-free-3864072

Title: Re: Ufool.Plunder State Capture hits Multichoice
Post by: RV Pundit on June 30, 2022, 03:16:07 PM

Local investor? I thought KBC was in joint venture with Mutlichoice. This another case of pure thuggery