State pushes Airtel to give Kenyans 30pc stake

Mr Prasanta Das Sarma, Airtel Kenya chief executive officer, during a past product promotion. FILE PHOTO | NMG

The State has introduced new ownership rules in the telecoms sector that will push Airtel Kenya to sell a 30 percent stake to Kenyans over the next three years in what is part of a move to encourage local ownership of ICT firms.

Joe Mucheru, the ICT Cabinet Secretary, unveiled a licensing policy on Friday that has given telecoms firms up to March 2024 to ensure local ownership of at least 30 percent in the companies.

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