Bloomberg News

Kenya Plans to Take Steps to ‘Significantly’ Reduce Inflation

October 20, 2011

Oct. 20 (Bloomberg) -- Kenya plans to take steps to “significantly” reduce inflation, President Mwai Kibaki said.

The East African nation plans to remove duties on imported staple foods, Kibaki said, according to an e-mailed copy of a speech from his Nairobi-based office. The country also intends to subsidize fertilizers and will establish a fertilizer and seeds fund, he said.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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