East African Breweries has hit out at the government over increasingly unpredictable policy and regulatory environment. “A predictable policy and regulation environment will help firms plan five, ten years out,” EABL chairman Charles Muchene said yesterday in Nairobi. Muchene said the company’s proposals to the Treasury and Kenya Revenue Authority were overridden by other competing interests from other stakeholders. “As any investor would acknowledge, an unpredictable environment makes it difficult for you to attract long-term capital and when you do, the increased uncertainty leads to an increase in the cost of that capital. This increases the cost of doing business,” Muchene said.

Source: The Star May 08, 2017 20:03 UTC