Radio Africa Offers to Buy Ghafla for Ksh 5 Million after Buying into TRINC for Ksh 3 Million

Radio Africa is reported to be in
serious talks to buy Ghafla. Already,
the Group CEO Patrick Quarcoo has
offered Ksh 5 million for 90% stake
in Ghafla. This offer was like an
insult to the Ghafla founder and his
88mph investors according to people
close to Ghafla.
Ghafla founders and investors
demanded nothing less than Ksh
100 million. This came immediately
after RAL bought 60% stake in
digital media agency TRINC Media
for a paltry Ksh 3 million.
According to documents in our
possession including quartely
reports, PQ bought 20% for himself
and had RAL pump in money to buy
40% of TRINC Media. Sebastian
Wafula maintains the other 40%,
some in trust for an unnamed
investor.
Radio Africa is very desperate to
make an entry dominate the web
and digital TV as they plan to still
be the group which is youth friendly.
They have ditched plans to start
their own Ghafla clone
www.shambamba.com but this plan
might not be off the table as the
group is also contemplating
poaching all Ghafla bloggers and
leaving Samuel Majani to start from
scratch. Many bloggers at Ghafla are
already getting more favours and
leads from Radio Africa that they are
really suspicious that the PQ
employees are up to something.
Caroline Mutoko has tried to show
Ghafla owners and writers favours
through show invitation and lunch
meetings. Others like Shaffie and
Maina Kageni are also giving Ghafla
all kinds of favours.

MAJANI