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Kenya

Ruto’s populist turn on foreign traders risks rattling investors

The crackdown on foreign small businesses, now folded into a sweeping localisation bill, tests the President’s  promise that Kenya remains open for capital

A fluent public speaker with a generous travel budget, President William Samoei Ruto, has been raising his profile again at the UN General Assembly this week, lobbying for climate finance and reform of the international financial system and co-authoring open letters defending multilateralism. He is also a passionate advocate for the African Continental Free Trade Area which requires free movement of people and capital.

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