New rules to to give Kenyans 30% stake in all foreign construction...

New rules to to give Kenyans 30% stake in all foreign construction firms

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Chinese contractors working on a road
Chinese contractors working on a road

Lands CS, Charity Ngilu, has published new rules that would require foreign contractors to reserve 30% of all their work to local firms.

These rules may in turn see local contractors benefiting by getting up to 30% stake in foreign construction firms that are working in Kenya.

The new rules are expected to hit Chinese firms the hardest. The reigns if the current and previous regimes had seen a rise in the entry of Chinese construction firms that handles large infrastructure projects like roads, and bridges. May other smaller Chinese construction firms have been giving local construction firms a run for their money in bidding for smaller jobs by private entities.

The regulations also require contractors to seek approval from NCA before employing expatriates, which will be done only when the skills are not available locally.

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