×
The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya will shelve the ‘toxic’ clauses in the Companies Act that demand citizens own a 30 per cent of all foreign companies as a pre-condition to be allowed to operate locally, Deputy President William Ruto has said.
Giant companies like Google and General Electric are required to have Kenyan shareholders under the new law, a condition that is impractical. “We will look for a way of correcting the situation so as to create a favourable climate for investments,” Mr Ruto said yesterday while hosting German Ambassador to Kenya Jutta Frasch.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join