Kenya: Sifuna – Tata Chemicals Closure Bad for Investor Confidence

Nairobi — Nairobi Senator Edwin Sifuna has warned that the government’s decision to shut down Tata Chemicals Magadi could undermine investor confidence and discourage companies from investing in Kenya.

Sifuna said how the government handles disputes with businesses is a critical consideration for investors deciding where to put their money.

His comments came a day after President William Ruto ordered Tata Chemicals to leave Kenya, accusing the company of failing to invest sufficiently in Kajiado…