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Originally published by Nation Businessbusiness
April 1, 2026
3h ago
Treasury picks law firm to fight Sh6bn Telkom shares case in London
Kenya will pay G&A Advocates Sh358 million to defend the case filed by Helios...
✨ Key Highlights
The National Treasury has hired G&A Advocates for Sh358 million to represent Kenya in a London arbitration case concerning the revoked sale of Sh6.19 billion in Telkom Kenya shares.
- The case arises from the Kenya Kwanza administration's cancellation of a deal to sell 60% of Telkom Kenya shares to Helios Investment Partners.
- The National Treasury appointed G&A Advocates after a legal dispute with another law firm, Okoth & Kiplagat Advocates, at the Public Procurement Administrative Review Board (PPARB).
- The arbitration commenced after the former President Uhuru Kenyatta administration's deal was rescinded by the President William Ruto administration in October 2022, amid concerns over parliamentary approvals and the withdrawal of sale proceeds from the Consolidated Fund.
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