Tata Chemicals case: Shifting landscape for foreign capital
Nairobi, Sept. 9 -- President William Ruto ordered Tata Chemicals, soda ash producer, to cease operations after 114 years of operation. This came a month after the Mining CS suspended its licence.
A new investor will take over, on condition they build the local processing plants Tata supposedly never did. Tata had applied to expand its concession by 127 square kilometres barely a year earlier, which is not the posture of a company that saw this coming.
It's tempting to read this as a Tata problem: a stubborn compliance dispute, a company caught between a county land-rates fight and a government that lost patience. That reading is comfortable but wrong.
Against the backdrop of Kenya's Local Content Bill, currently making its way through...
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