In this report, AfriCOG documents the privatisation/divestiture of Telkom and Safaricom. “Deliberate Loopholes” describessome of the lapses that occurred in the privatisation of Telkom Kenya and Safaricom: the title refers to the deliberate evasions and subterfuges that created a fertile climate for asset stripping and corruption by senior officials whose identity continues to remain shrouded behind the veil of secrecy provided by international tax havens and off-shore financial centres. The preliminary findings of this study were presented to Parliament’s Public Accounts Committee (PAC), which took the matter to the floor of the House.
Gaps exposed in Safaricom and Telkom sales
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