Kenya: This Rule Has Stifled Foreign Investment

3 January 2007
opinion

Nairobi — A story in the current issue of the East African shows that the Government is considering abolishing the rule that stipulates that foreign companies investing in the telecommunications sector in Kenya must allocate at least 30 per cent shares to local investors.

According to the story,this is government's response to the perennial disputes between foreign investors and their local partners which have frustrated the finalisation of several major telecommunications projects in Kenya.

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