Financial Times FT.com

Kenya in turmoil

Helios at risk from Kenya boycott

By Barney Jopson in Nairobi

Published: January 18 2008 12:10 | Last updated: January 18 2008 21:58

A private equity group based in London risks becoming caught up in the Kenyan political crisis after the country’s opposition leader called for a boycott of a bank in which it is the largest shareholder.

Helios Investment Partners paid KSh11bn ($176m) for a 25 per cent stake in Equity Bank days before a presidential election in which Raila Odinga, opposition leader, claims he was robbed of victory by government-orchestrated rigging.

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