Tax Policy in Kenya and US Strategy in the DRC Mineral Sector

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Kenyan political figure's policy change on taxes and austerity measures, US considering lifting sanctions on businessman tied to corruption in DRC for mineral access, and the geopolitical implications of US-China competition in DRC's mineral sector.

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that would raise taxes. Plus, the FT’s Harry Dempsey explains why the US wants to lift sanctions on a billionaire to gain access to minerals in Africa.

Mentioned in this podcast:

India braced for billions of dollars of inflows as bonds added to JPMorgan index

Kenya’s president drops tax rises after deadly protests

Billionaire under sanctions could get $300mn in controversial US-Congo deal

CREDIT: WSJ, KBC Channel 1

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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