Home Business Airtel eyes waiver on the 30pc local ownership rule

Airtel eyes waiver on the 30pc local ownership rule

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Business Daily | by Victor Juma


Airtel Africa is considering seeking an extension or exemption from rules requiring it to cede a 30 percent stake in local subsidiaries to Kenyan investors by March 2024.

Sidestepping the ownership rules could, however, force the multinational to pay $20 million (Sh2.1 billion) for its expired licence after the government demanded settlement of the dues as…

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