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Why Kenya’s President has asked Tata Chemicals to pack up and leave | Explained – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Why Kenya’s President has asked Tata Chemicals to pack up and leave | Explained

Why Kenya’s President has asked Tata Chemicals to pack up and leave | Explained

Established in 1911, the facility has been producing soda ash at Lake Magadi for over a hundred years. Photo: https://www.tatachemicals.com/kenya/media

The story so far: A century-old soda ash mining & production operation in Kenya, Africa that has been under the fold of Tata Group since 2005, has become the focal point of an escalating confrontation between India’s Tata Chemicals and the Kenyan government led by it’s President. 

The matter has been brewing since July this year but it gained international attention last week when Kenya’s President William Ruto publicly called for the Company’s exit and told his countrymen that the concession would be handed over to new investors thus putting one of the Tata Group’s oldest businesses at risk in Africa. 

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