Kenya orders Tata Chemicals to halt its operations in the country, according to statements by President William Ruto. Ruto says the government will introduce two new companies to take over Tata Chemicals’ activities and assets.
Both reports link the decision to Kenya’s earlier move to suspend operations at Tata Chemicals’ Magadi Soda factory. NDTV reports that the government plans to bring in two new companies to assume operations. Mint adds that Ruto says the action follows an assessment that Tata Chemicals is not providing sufficient value, and reiterates that the replacement companies will take over after the stop-order is carried out.
