Kenyan Wall Street | by Jackson Okoth
Foreign-owned ICT firms have a deadline of three years to ensure they have a 30% ownership by Kenyans.
In the latest Gazette Notice Vol. CXXIII—No. 69, dated 9th April 2021, Joe Mucheru, Kenya’s ICT Cabinet Secretary, has given these foreign firms a deadline of March 2024 to comply.
The notice said the Government encourages Kenyans to participate in the ICT sector through a policy that will require 30% local ownership of all foreign-owned ICT firms, either through local firms or individual Kenyans…
