Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Kenya - Kenya implemented 30% domestic ownership requirement for newly registering foreign companies
Kenya
Kenya implemented 30% domestic ownership requirement for newly registering foreign companies
15 Jun 2016Kenya'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 are Kenyan citizens by birth. Investors who fail to comply with this rule will be fined Sh 5 million. However, the new law does not apply to existing companies already registered in Kenya. The law also empowers the Treasury Cabinet secretary to issue regulations on how foreign companies will operate in Kenya.
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Type:
- Entry and establishment (Ownership and control)
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Industry:
- Not industry specific
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Sources:
- Kenyalaw.org, Legal Notice No. 109 on the Companies Act, 2015, http://kenyalaw.org/kl/index.php?id=6177, 16 Jun 2016
- Kenya-eRegulations.org, The Companies Act No. 158 of 2015, https://kenya.eregulations.org/media/TheCompaniesAct_No17of2015_RevisedCompressed.pdf, 15 Sep 2015
- Business Daily Africa, Foreign companies to face 30 per cent local ownership rule, http://www.businessdailyafrica.com/Corporate-News/Foreign-companies-to-face-30-per-cent-local-ownership-rule/539550-3290444-b9ir5x/index.html, 11 Jul 2016
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.