Kenya mulls cutting Sh10m capital cap for foreign firms

nairobi city county
[Image source: African Arguments | Credit: Nina R.]
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Business Daily | by Constant Munda


Kenya is considering lowering the blanket $100,000 (Sh10.89 million) minimum foreign investment requirement for international firms seeking to venture into less-capital services sector such as ICT to spur growth in foreign direct investment (FDI) flows.

The Kenya Investment Authority (KenInvest) says it is seeking an international consultant to help draw conditional incentives for foreign investors.

“There are many people who were thinking $100,000 is high and others were saying when people were innovating something like M-Pesa, they wouldn’t have needed that minimum capital…

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nairobi city county
[Image source: African Arguments | Credit: Nina R.]

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