Orange Group is set to recall a number of senior Telkom Kenya executives to France – including long-time CEO Mickael Ghossein – following an agreement with the Kenyan government. According to Business Daily Africa the exodus will be complete by September this year. Financially-stricken Telkom Kenya, which has not generated a profit in the nearly seven years since Orange seized control of the business, is co-owned by Orange Group (70%) and the Kenyan government (30%). However, the company is currently subject to a number of takeover approaches from international outfits, and this latest development bolsters speculation that a sale is imminent. Interested parties are believed to include Viettel Group of Vietnam, South Africa’s MTN and Unitel of Angola.
In the past Telkom Kenya’s French management team have come under fire for ‘not understanding the local business environment’; currently Telkom has just four Kenyans in its twelve-member executive team.