Sourced fact
The News
According to Al Jazeera, Kenyan security forces used tear gas against protesters in Nairobi who are protesting against an increase in import duties by more than $5,000, which they believe will harm small businesses and small companies.
Analysis & context
Analysis & Context
Analytically, such protests indicate an increase in economic and social tension in many developing countries, where high customs duties can be particularly harmful to small companies and individual investors. In a broader context, such increases in customs duties are often a result of internal or external pressures aiming to increase government revenues or protect domestic industries, but they can in fact limit competition and economic growth.
