Kenya Proposes Removal of 30% Shareholding Requirement for Foreign ICT Firms

Kenya’s Ministry of Information, Communications, and Technology has proposed the removal of the 30% local shareholding requirement for foreign ICT companies. The National ICT Policy Guidelines, 2020, gazetted under Section 5(4) of the Kenya Information and Communications Act (KICA) (No.2 of 1998), currently require all licensees to comply with the 30% local shareholding provisions within … Continue reading Kenya Proposes Removal of 30% Shareholding Requirement for Foreign ICT Firms