Investment Policy Measures

19 results
Kenya

Kenya

14 Feb 2024

Approves privatisation of State-owned enterprises in tourism sector

On 14 February 2024, the Cabinet approved the sale of seven State-owned enterprises (SOEs), including the Development Bank of Kenya and several hospitality establishments, such as Golf Hotel Limited, Sunset Hotel Limited, Mt. Elgon [...]

Kenya

Kenya

27 Nov 2023

Identifies 11 State-owned enterprises for privatisation

On 27 November 2023, the Ministry of National Treasury and Economic Planning in Kenya announced the privatisation of 11 state-owned enterprises (SOEs) as part of the 2023 Privatisation Programme, aligning with Section 21 (1) of the [...]

Kenya

Kenya

09 Oct 2023

Adopts Privatization Act, 2023

On 9 October 2023, the President of Kenya signed the Privatization Act 2023 into law, marking significant changes to Kenya's privatization framework. Key amendments include: - Renaming the Privatization Commission to the Privatization [...]

Kenya

Kenya

02 Oct 2023

Launches the Meru County Aggregation and Industrial Park

On 2 October 2023, Kenya launched the Meru County Aggregation and Industrial Park in the Ruiri Rwarera Ward. The Park is Flexible free zone warehousing solutions to start and expand business, for local and foreign companies looking [...]

Kenya

Kenya

06 Sep 2023

Launches search for port operators

On 6 September 2023, the Kenya Ports Authority (KPA) issued a tender inviting firms to prequalify for the opportunity to develop and operate key port assets through 25-year public-private partnership (PPP) arrangements. The deadline [...]

Kenya

Kenya

22 Aug 2023

Removes the 30 per cent local shareholding requirement in the ICT Sector

On 22 August 2023, the Ministry of Information, Communications, and the Digital Economy published in the Kenya Gazette an amendment to the National Information Communications and Technology Policy Guidelines of 2020, which required [...]

Kenya

Kenya

11 Aug 2023

Launches the Busia industrial park

On 11 August 2023, Kenya launched the Busia County Aggregated Industrial Park - the country’s first County Aggregated Industrial Park (CAIP). The Park is intended to serve as a hub for agricultural processing and manufacturing, providing [...]

Kenya

Kenya

16 Feb 2023

Declares three new export processing zones

On 16 February 2023, Kenya announced the launching of three new export processing zones (EPZs), namely land in Bonje (Kwale County), a space in a building in Bombululu (Mombasa County), and office space and land in Mavoko (Machakos [...]

Kenya

Kenya

21 Jun 2022

Introduces several changes to align tax regime to development priorities

On 21 June 2022, Kenya’s President assented into law the Finance Act, 2022. The Act amends various laws including the Income Tax Act (ITA), the Insurance Act, and the Capital Markets Authority Act. Amont others, the Act introduced: [...]

Kenya

Kenya

07 Aug 2020

National Information Communications and Technology (ICT) Policy Guidelines 2020

Kenya has implemented the National Information Communications and Technology (ICT) Policy Guidelines 2020 (the 2020 ICT Policy), which were published in the Kenya Gazette on 7 August 2020. They introduce local participation requirements [...]

Kenya

Kenya

07 Nov 2019

Adoption of Finance Act 2019

The President of Kenya signed the Finance Act 2019 on 7 November 2019. The Act proposes key amendments to various tax legislation in Kenya including: The Income Tax Act, the Capital Markets Act, and the Banking Act. The Act exempts [...]

Kenya

Kenya

21 Jun 2017

Adoption of the Financial Act with fiscal implications for investors

The new Finance Act introduced the following measures, among others: (i) It requires that transactions between related entities, where one is based in a preferential tax regime in the Special Economic Zones and the other not, be carried [...]

Kenya

Kenya

09 May 2017

New regulations impose local content requirements on mining companies

Kenya introduced new Regulations which require holders of existing mineral rights to submit to the Cabinet Secretary for Mining (CS) procurement plans which must (i) set target levels of local procurement based on a procurement list [...]

Kenya

Kenya

20 Sep 2016

Kenya repealed the 30% domestic ownership requirement for foreign companies

On 20 September 2016, the new Finance Act (Act No. 38 of 2016) was adopted, repealing the 30 per cent domestic ownership requirement for foreign companies established in the Companies Act 2015. The abolition of the ownership requirement [...]

Kenya

Kenya

12 Aug 2016

Special Economic Zones Regulations 2016 ratified

The Government has adopted new rules allowing foreign direct investment (FDI) in special economic zones (SEZ) where products will be manufactured for the export market. These state that the Special Economic Zones Authority must maintain [...]

Kenya

Kenya

15 Jun 2016

Kenya implemented 30% domestic ownership requirement for newly registering foreign companies

Kenya's Attorney-General appointed 15 June 2016 as the date to enforce in full the Companies Act 2015. This new law requires that foreign companies registering in Kenya cede at least 30 per cent of their shareholding to persons who [...]

Kenya

Kenya

15 Dec 2015

Law on Special Economic Zones entered into force

The Law on Special Economic Zones (SEZs) entered into force on 15 December 2015. Unlike the existing Export Processing Zones, which have a narrow range of permitted activities, the SEZs have a broader scope. Licensed firms will benefit [...]

Kenya

Kenya

11 Jun 2015

Kenya lifts ceiling on foreign ownership of listed firms

Kenya amended Capital Markets (Foreign Investors) Regulations, 2002, by issuing Legal Notice No. 113 of 2015. This amendment abolished the 75 per cent threshold of foreign ownership in listed companies and allows, as a general rule, [...]

Kenya

Kenya

01 Jan 2012

Introduces new law on real estate investment trusts

The Law on Real Estate Investment Trusts (REIT) introduces a new investment vehicle called "Trusts REIT", which exempts the income of REIT investors from corporate tax. [...]

Number of policy measures per economy (since 01 Jan 2010) 1 94