The Star Newspaper, the publication that is owned by the Radio Africa Group which we stated last week had been bought off by Deputy President William Ruto has refuted claims that the there has been any changes in the shareholding.
We wrote that Dp Ruto had acquired Radio Africa Group for an unknown amount, to which Radio Africa Group through The Star Newspaper called Fake news by ‘digital terrorists”.
A point to note is that one can acquire an asset through proxies.
A keen eye pulled out a gazzette notice from July 2018, which stated that Adil Khawaja, the lawyer who has been representing DP Ruto’s interests bought a big stake at the Radio Africa Group.
Avandale Investments Limited and Adil Khawaja acquired 49 per cent stake combined of Radio Africa after it was sold by a South African Tiso Blackstar Group.
Tiso Blackstar Group owned a controlling stake at 49 per cent in Radio Africa Group, ahead of individuals such as former Nairobi Governor Dr. Evans Kidero, Richard Ayah, Sudhir Vidyarthi, Kiprono Kittony and co-founders Patrick Quarcoo and William Pike among others.
Acquisition by Adil Khawaja and Avandale meant that they are the majority now.
Adil Khawaja is managing partner at Hamilton Harrison and Matthews advocates and DP Ruto’s son Nick Ruto who is a lawyer by profession works at the firm.
Hamiton Harrison and Matthews Advocates has been repesenting DP Ruto in many cases, as seen from online sources.
Kenyan Business Feed (KBF) got information from an anonymous source inside Radio Africa Group.
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