Citizenship plan for wealthy investors takes shape

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Business Daily | by Constant Munda


Kenya has started drafting amendments to immigration laws in changes that will make it easier for wealthy foreign investors to acquire citizenship.

Kenya Investment Authority (KenInvest) says it is writing draft legal changes that will see big-ticket investors eligible to get second citizenship in Kenya without meeting the current stringent requirements to qualify.

The agency sees giving second citizenship to deep-pocketed foreign investors – whose enterprises have a high impact on creating new jobs and exports earnings – as a magnet for growing lowly foreign direct investment…

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