QuidMetrics

Telposta sharply increases share sales for cash

The telecommunications company has ramped up disposals on the Nairobi Securities Exchange to improve its liquidity position.

Telposta has significantly increased its share sales on the Nairobi Securities Exchange as it seeks to strengthen its cash reserves. The move marks a substantial change in how the company is managing its finances.

Share disposals jumped 41-fold compared with the previous financial year, when the company sold shares worth Sh8.78 million, according to exchange data.