Investors will soon have the opportunity to invest in Kenya’s lucrative broadcasting industry - the sector regulator has threatened to repossess an estimated 150 unused frequencies.

The communications Commission of Kenya (CCK) announced key reforms in the industry under a new law that came into effect in January. Cancellation of unused licenses is among the reforms.

Investors have previously been locked out of the industry because they could not get frequencies.

Owners have four months to activate unused licences, or they will be re-allocated to applicants on the waiting list.

The repossession is CCK’s first act since it received additional powers to regulate the information and communications technologies sector with the passing of the Kenya Communications (Amendment) Bill 2008. 

About 20 people are said to be holding more than 150 frequencies that they have been selling to those who want to enter the broadcasting market at a premium. Pundits say this hoarding of frequencies has raised the entry barrier to the broadcasting industry.

With frequencies, it costs an average of Sh20 million to set up a new FM radio station.