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This time last year, Kenya’s Capital Markets Authority ended restrictions on foreign shareholding in listed firms, and allowed foreign investors to own 100% of listed companies.

So, it was confusing when Kenya’s Attorney General issued a gazette notice earlier this month, which made it mandatory for firms operating in Kenya, to have 30% of their shares held by local entities. Failure to comply, will see firms having to pay a fine of $50000.

So, what’s going on here? That’s a question CCTV’s Ramah Nyang put to ABC Capital’s Johnson Nderi.

Watch……