Call for Comments for Removal of 30pct local Shareholding for Foreign ICT Companies

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 requires all licensees to comply with the 30% local shareholding
provisions within a 3-year grace period.

For more information: State frees Airtel, tech giants from 30pc local stake
sale – Business Daily (businessdailyafrica.com)
<www.businessdailyafrica.com/bd/economy/state-frees-airtel-from-30pc-local-stake-sale-requirement–4300564>