Kenyan Wall Street | by Jackson Okoth
Telkom Kenya has disclosed that it incurred a loss of KSh 300 Million after offering operational and management services for the state-owned fibre optic cable.
The National Optic Fibre Backbone (NOFBI) was a project aimed at providing connectivity across all 47 counties in Kenya.
“We confirm that the Cable’s revenues stood at KSh1.7 billion, against operational and management cost of KSh2 billion. Telkom has therefore incurred a loss of KSh300 Million,” said Mugo Kibati, Telkom Kenya CEO…
