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Kenyan govt requires foreign ICT investors to have 30% local ownership within 3 years

Monday 24 August 2020 | 10:27 CET | News
The government has gazetted a new ICT policy, the National ICT Policy 2019, which requires foreign companies planning to do business in the country's ICT sector to surrender a 30 percent shareholding to Kenyans, The Standard reported. The policy spells out new regulatory obligations by companies and individuals working in the ICT sector. The government strongly encourages Kenyans to participate in the ICT and science and technology sector through equity, according to the regulatory policy published by the ICT Ministry. 

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Categories: General / IT
Countries: Kenya
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