TELECOMS

Telkom Kenya Sh1.5bn land case takes new twist

Postel Housing Co-operative Society has joined a court case involving the sale of 79 acres of prime land to an investor by Telkom Kenya for Sh1.5 billion. The society is claiming legal ownership of the property in Karen, Nairobi.

It has been enjoined in the court dispute as an interested party saying it purchased 60 acres from the defunct Kenya Posts and Telecommunications Corporation (KP&TC) in 1993 for Sh21 million and entered into an agreement with an agent, Exclusive Estate Ltd, to build 514 houses.

The latest twist comes in the wake of a dispute between Telkom and Aftraco Limited after the latter moved to court over alleged breach of an agreement involving the sale of the property.

Source: Business Daily Africa

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