[kictanet] Agency sets Sh250m minimum capital for Konza city investors

[Dorcas Muthoni]

Perhaps they can require those investors to have a local shareholding
participate.  Not sure how it works though,  all I do know you must have
local shareholding to invest in UAE without making noise about the true
quality of the local shareholder.
On Nov 18, 2015 7:06 AM, "Ali Hussein via kictanet" <
kictanet at lists.kictanet.or.ke> wrote:

> Listers
>
> Interesting article in the Business Daily today.
>
>  IN SUMMARY
>
>    - Investors eyeing space at Konza Techno City will be required to
>    raise between Sh250 million and Sh2.6 billion for various projects
>    earmarked for phase one, a document from Konza Technopolis Development
>    Authority (KoTDA) indicates.
>    - Investors are also required to focus on technology, engineering and
>    innovation projects, with the demands meant to lock out land speculators.
>    - The expression of interest will close on January 30, 2016 after
>    which evaluation of the bids will be undertaken, setting the stage for
>    investment flows starting next year.
>
>
> This is laudable and commendable. I'm however looking for incentives and
> push for the local companies & startups who may not have the millions to
> invest in the real estate but are brimming with ideas and enthusiasm.
>
> *Ali Hussein*
> *Principal*
> *Hussein & Associates*
> +254 0713 601113 / 0770906375
>
> Twitter: @AliHKassim
>
> Skype: abu-jomo
>
> LinkedIn: http://ke.linkedin.com/in/alihkassim
> <http://ke.linkedin.com/in/alihkassim>
>
> Blog: www.alyhussein.com
>
> "Discovery consists in seeing what everyone else has seen and thinking
> what no one else has thought".  ~ Albert Szent-Györgyi
>
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>
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