Kenya

According to reports in local media, Kenyan lawmakers have approved a bill that, if implemented, would allow the government to control prices of commodities including wheat, rice, corn flour, sugar, diesel, kerosene, cooking oil and gasoline. Under the proposed law, the finance minister will hold talks with businesses before fixing prices. The bill still requires approval from President Mwai Kibaki. An initial version was rejected by the president in 2010 on the grounds that it was at odds with economic liberalisation. However, with food pricing inflation soaring, there will be a great deal of political pressure for the president to

To read the full article, please choose one of the following options: