State pushes Airtel to give locals 30pc stake



Business Daily | by Elizabeth Kivuva


The State has introduced new ownership rules in the telecoms sector that will push Airtel Kenya to sell a 30 percent stake to Kenyans over the next three years in what is part of a move to encourage local ownership of ICT firms.

Joe Mucheru, the ICT Cabinet Secretary, unveiled a licensing policy on Friday that has given telecoms firms up to March 2024 to ensure local ownership of at least 30 percent in the companies.

He also increased the local ownership threshold from a minimum of 20 percent…

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