CCK issues three-year local ownership reprieve for Airtel, AccessKenya

14 Nov 2013

Francis Wangusi, director general of the Communications Commission of Kenya (CCK), has confirmed that local telcos Airtel Kenya and AccessKenya have each been given a three-year reprieve within which to comply with rules requiring all domestic telecoms operators to ensure a 20% Kenyan shareholding. The Star quotes Wangusi as commenting: ‘The ministry has informed us about the extension … but it is not bound to give us more details’.

According to TeleGeography’s GlobalComms Database, Airtel is 95%-owned by Bharti Airtel of India, with Naushad Merali the sole local investor. Meanwhile, South Africa-based Dimension Data acquired AccessKenya for around KES3 billion (USD35.3 million) in May this year. Had the 20% rule had not been waived, it was understood that CEO Jonathan Somen intended to re-purchase 20% of the firm’s shares.

Kenya, AccessKenya, Airtel Kenya