Topic: CAK
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Kenafric’s expansion gains CAK approval in economic industries acquisition
Dec 19, 2024 at 08:50 PM
The Competition Authority of Kenya (CAK) has given the green light for Kenafric Manufacturing Limited to acquire the business and assets of Economic Industries Limited....
CAK approval of Access Bank buyout of NBK guarantees retention of workforce
Oct 31, 2024 at 09:59 AM
The Competition Authority of Kenya (CAK) has conditionally approved Access Bank PLC's acquisition of the entire issued share capital of the National Bank of Kenya Limited (NBK)....
Mogo fined Sh10.9 million by CAK for misleading its customers
Oct 04, 2024 at 12:04 PM
The Competition Authority of Kenya (CAK) has levied a Sh10.9 million fine against Mogo, a local asset financier, for engaging in misleading representation and predatory practices t...
Monarch Insurance gets new majority owners in CAK-approved acquisition
Aug 29, 2024 at 12:25 AM
The Competition Authority of Kenya (CAK) has given the nod to the acquisition of Monarch Insurance by a consortium of three firms, marking a significant shift in the ownership stru...
Insurance regulator to crack down on advocates withholding compensation
Aug 28, 2024 at 10:41 AM
The Insurance Regulatory Authority (IRA) has announced a joint initiative with the Advocates Complaints Commission (ACC) to curb the increasing number of complaints against advocat...
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EFR Australia to take over Kwale Titanium as Base Resources exits
Jul 30, 2024 at 12:17 AM
Energy Fuels Inc. (EFI), a Canadian mining company, is set to acquire full ownership of Base Titanium Limited in Kwale County through its Australian subsidiary, EFR Australia PTY L...
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CAK fines SIKA International Sh17.5 million over unapproved merger
Jul 08, 2024 at 09:13 PM
Swiss construction chemicals giant Sika International has been slapped with a Sh17.5 million fine by the Competition Authority of Kenya (CAK) for failing to notify the authority ab...
Blow to Carrefour as court upholds CAK’s ruling on abuse of buyer power case
May 24, 2024 at 03:55 PM
Carrefour has been found guilty of abusing buyer power by the High Court, upholding a previous decision by the Competition Authority of Kenya (CAK)....
KEBS accuses private firm of conducting illegal inspections in retail outlets
Apr 18, 2024 at 10:43 AM
The Kenya Bureau of Statistics (KEBS) has accused a private firm, Multi-Works and Rights Enforcements, of impersonating government inspectors and conducting illegal product inspect...
Phoenix Beverages gets CAK approval to secure tactical foothold in Kenya market
Mar 01, 2024 at 10:20 AM
Phoenix Beverages Limited (PBL), a Mauritius-based beverage company, has been approved by the Competition Authority of Kenya (CAK) to acquire a 28.15 per cent stake in Africa Origi...
Safaricom's Fuliza flexes market muscle, edges out rivals in micro-loan segment
Feb 27, 2024 at 08:08 PM
Kenya's digital credit market is witnessing a significant shift as Safaricom's Fuliza overdraft facility emerges as the dominant player, leaving other providers trailing behind....
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CAK unconditionally approves Kitui Flour Mills' full acquisition of Rafiki Millers
Jan 22, 2024 at 05:33 PM
The Competition Authority of Kenya has granted unconditional approval for Kitui Flour Mills Limited to acquire one hundred per cent shareholding in Rafiki Millers Limited....
Kenyan firm gets CAK nod to acquire Nova Academies property in Tatu City
Jan 18, 2024 at 12:17 PM
Heri Holdings Limited has received approval from the Competition Authority of Kenya (CAK) for its acquisition of 100 per cent shareholding of Nova Academies Tatu City Property Limi...
CAK approves acquisition of Kenya Bottling Company by Mauritius firm
Jan 09, 2024 at 01:30 PM
Crown Beverages Limited has received unconditional approval from the Competition Authority of Kenya (CAK) for the acquisition of the entire issued share capital of Kenya Bottling C...
Carrefour responds to CAK 'surprise' decision to fine it Sh1 billion
Dec 20, 2023 at 12:44 PM
Majid Al Futtaim, the exclusive operator of Carrefour in Kenya, expressed astonishment in response to the recent ruling by the Competition Authority of Kenya (CAK) imposing a Sh1.1...
Retail Association of Kenya challenges CAK's Sh1.1 billion fine on Carrefour
Dec 19, 2023 at 11:45 PM
The Retail Association of Kenya (RETRAK), the industry's guardian of contracts and advocate for fair competition, has fired a salvo against the Competition Authority of Kenya's (CA...
CAK fines Carrefour Sh1.1 billion for abuse of buyer power against two top suppliers
Dec 19, 2023 at 10:06 AM
The Competition Authority of Kenya (CAK) has fined Carrefour Supermarket Sh1.1 billion for what is has termed as “abusing its buyer power over its suppliers.”...
CAK fines 9 Kenyan steel companies Sh338.9 million for cartel style price fixing
Aug 23, 2023 at 03:39 PM
The Competition Authority of Kenya (CAK) has fined nine steel companies a total of Sh338.9 million for engaging in cartel conduct that led to an illegal increase in the cost of ste...
Kenyans to enjoy lower calling rates across networks from January
Dec 23, 2021 at 01:07 PM
Kenyan mobile service subscribers have a reason to smile as the new year will come along with some goodies...
Why Capital fm, NRG, Mbaitu and 57 other radio stations risk losing licenses
Dec 22, 2021 at 12:43 PM
CAK Director General has initiated cancellations of licence offers to 60 radio stations for failing to comoly with its laws....
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