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Kenya’s antitrust body lacked power to block cement deal, sparking parliamentary concern over transparency and public ownership.
Kenya’s Competition Authority clarified it had no legal power to approve or block the sale of East Africa Portland Cement shares to Kalahari Cement, stating its role was advisory only.
The deal, involving a 41.7% stake sold below market value, raised concerns in Parliament over public ownership, transparency, and potential board influence.
Lawmakers criticized the private sale process, noting EAPC management was unaware and could have repurchased shares.
CAK confirmed it did not assess pricing or ownership changes, focusing only on competition impacts, and is conducting a sector-wide cement industry study with findings due by late October.
El órgano antimonopolio de Kenia carecía de poder para bloquear el acuerdo de cemento, lo que provocó la preocupación parlamentaria por la transparencia y la propiedad pública.