A PYMNTS Company

Angola: Country starts first ever competition authority

By  |  February 17, 2019

Angola has joined the list of African countries that have an active, independent competition regulator. This follows the recent appointment of members of the board of directors of the Competition Regulatory Authority of Angola (Autoridade Reguladora da Concorrência, or ARC). The ARC succeeds the former Institute of Competition and Prices.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Law prohibits certain anti-competitive horizontal and vertical agreements as well as the abuse of a dominant position.  Contraventions of the Law expose companies to penalties of up to 10% of annual turnover.  A leniency policy will be developed by the ARC, to allow for reductions in penalties in certain circumstances.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source
    Full Content: Bow Mans Law

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.