Removes the 30 per cent local shareholding requirement in the ICT Sector
22 Aug 2023
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 companies to have at least 30 per cent substantive Kenyan ownership, either corporate or individual, in order to be licensed to provide ICT services. Prior to that, licensees in the ICT sector were required to have 20 percent local ownership. The amendment deletes the provisions related to the Equity Participation Rule, thereby removing the local shareholding requirements for companies providing ICT services in Kenya.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Telecommunications)
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Sources:
