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| David Waweru |
According to a statement from the board posted on the firm's website, KBC's Editor-In-Chief Waithaka Waihenya will continue serving in an acting capacity as the MD.
According to the board, the two have been sacked in pursuant to section 24 a) of the Employment Contract for the Managing Director and Section 15 (ii) of the KBC Code of Regulations.
The two were suspended in June this year when the deal involving the contract to broadcast the FIFA World Cup 2010 matches live from South Africa turned sour.
The KBC board of directors reportedly arrived at the decision after considering a report by the Inspectorate of State Corporations which has termed the deal as unethical and mischievous.
The agreement between KBC, Citizen and Radio Group Africa saw The Standard Group and Nation Media Group locked out of the World Cup broadcast rights.
This led to an outcry that prompted the Government to order that the deal, in which KBC entered an agreement to air the World Cup matches with Radio Africa Group investigated.
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