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General

Kenya introduces rules for local ownership of at least 30% in ICT firms

Monday 12 April 2021 | 09:58 CET | News
The Kenyan government has introduced new ownership rules in the telecom sector that will push Airtel Kenya to sell a 30 percent stake to Kenyans over the next three years, in a bid to encourage local ownership of ICT firms, Business Daily reported. ICT Cabinet Secretary Joe Mucheru introduced a licensing policy on 09 April that gives telecom firms up to March 2024 to ensure local ownership of at least 30 percent in companies. He also increased the local ownership threshold from a minimum of 20 percent, a cap that has been in place since 2008.

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Categories: General
Companies: Airtel Kenya / Bharti Airtel / MTN Uganda / Safaricom / Telkom Kenya
Countries: Kenya
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