Economy / Kenya
Kenya
September 2011 | Risk SummaryA bill allowing the Kenyan government to implement price control measures for any essential commodity has been enacted into a law. President Mwai Kibaki signed the bill allowing the return to price controls after the country abandoned the practice in the 1990s in favour of economic liberalisation. Kibaki rejected an earlier version of the bill, which allowed the finance minister to set the maximum and minimum prices for goods such as maize, maize flour, cooking oil, sugar and paraffin, diesel and petrol. Consumer prices in the country have shot up in 2011, with inflation reaching 16.7% year-on-year in
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