Who Is The Current Owner Of Mediamax Networks Limited, K24 TV in Kenya 2019 2020?
Currently, there are over 30 TV Stations in Kenya multimedia industry. Also, most of the TV stations are owned by political leaders and powerful people in Kenya. In this article, we shall enlighten you of who owns or is the current owner of K24 TV in Kenya 2019 2020.
Who Owns Mediamax Network Kenya? And K24 TV Kenya 2019 2020?
First of all, K24 TV Kenya was established in the year 2007. Later, it started it’s operations on February 4th, 2008. K24 TV is an affiliate of Mediamax Networks Limited that is largely owned by William Ruto and other Mediamax shareholders. Other media channels under Mediamax Network include;
- Kameme FM,
- Mayian FM,
- Emoo Fm,
- Meru FM, and
- Msenangu FM.
On the other hand, K24 TV was the first Kenyan TV station to stream live on the internet for 24 hours. As a result, K24 gained massive popularity especially from Kenyans abroad who wanted to catch up with Kenya’s happenings.
Founder of K24 TV Kenya
First, Rose Kimotho was the founder of K24 TV station. However, a year later after the launch, Rose Kimotho transferred its ownership to TV Africa Holdings. According to the reports, Kimotho sold K24 because of the high expenses incurred in operating a TV station. Certainly, TV Africa Holdings is closely linked to the Kenyatta Family. Hence, the firm poached best Journalists from different TV stations such as Franklin Wambugu, Tom Mboya, and Belinda Obura. Even more, K24 TV rebranded its logo outlook, staff and other main features on their website.
At this point, K24 TV was fully managed by Mediamax Networks Limited that is an affiliate of TV Africa Holdings. As Mediamax continued to thrive, the firm developed 2 radio stations namely Milele FM, and Meru FM in 2012. Furthermore, they managed to buy The People Daily newspaper, previously owned by Kenneth Matiba. This prompted Mediamax to start distributing the newspaper for free in order to gain more popularity. Now, people have been asking us these questions: Is Ruto the owner of k24, k24 Kenya Ownership, but buys k24.
Who Is The Current Owner Of K24 TV Kenya 2019 2020?
According to reports, Deputy President William Ruto is the current owner and greatest shareholder of Mediamax Networks Limited. This is after upping his shares from 50% to 60% making him top in the Mediamax shareholders list 2019-2020. Certainly, Deputy President William Ruto is the person who greatly owns K24 and Mediamax Network Limited as of 2019 2020. Hence, that makes him the current owner of K24 TV Kenya from 2019 to 2020.
Some of the Mediamax Shareholders include:
- the Kenyatta’s Family,
- Equity Bank CEO James Mwangi (12%),
- a group of Central Kenya investors, and
- Deputy President Dr William Ruto (60%).