Kenya: Foreign firms to cede 30 per cent stake under to new law

According to Kenya’s National Information Communications and Technology Policy Guidelines, firms that want to do business in Kenya’s ICT sector will have to cede 30 per cent of their ownership to Kenyans under the new legislation published last week, CNBC Africa spoke to Duncan Karani, Kenyan based venture capitalist for more.

Tue, 11 Aug 2020 14:42:44 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.