submitted over 4 years ago by taya
- Kenya's Ministry of Information and Communication Technology has released a new policy requiring foreign tech companies to have at least 30% Kenyan ownership to operate in the country, aiming to boost local participation in the ICT sector and develop the digital economy.
- Companies have 3 years to meet this requirement, with possible extensions, but publicly listed companies will follow the rules of the Kenyan Capital Markets Authority for equity participation.
- The policy may impact fundraising for startups and expansion into Kenya, but it aims to increase local involvement in the tech industry and tax revenues generated in the country.
Advertisement
No comments yet
Be the first to share your opinion!
Related Posts
