Kenya: The government abolishes the 75% threshold of foreign ownership in listed companies

Announcement

11 Jun 2016

On 11 June 2015, the government of Kenya issued Legal Notice No. 113. This Legal Notice lifts the existing 75% ceiling of foreign ownership in listed firms within the Kenyan jurisdiction.

Source

Number of interventions

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

11 Jun 2015

Revocation date:

No revocation date

Updated: 11 Jun 2016

FDI: Entry and ownership rule In force

On 11 June 2015, the government of Kenya amended its ‘Capital Markets (Foreign Investors) Regulations’ introduced in 2002, via issuing ‘Legal Notice No. 113’....

Related State Acts

20 Sep 2016

Kenya: Repeal of the 30% domestic ownership requirement for foreign companies

16 Jun 2016

Kenya: The government introduces a 30% domestic ownership requirement for foreign companies

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