A PYMNTS Company

Kenya: Competition Authority defends merger filing fees

By  |  March 25, 2014

Kenya’s Competition Authority announced plans to begin charging merger and acquisition filing fees starting this July, according to reports, as regulators look to cover review and analysis costs.

    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.

    CAK Director General Wang’ombe Kariuki defended the new fees as being in-line with global competition policy best practices, arguing that they will allow the Authority to remain independent from the Treasury, which currently funds the competition regulator’s operations.

    Further, he said, the fees “are not as high as what Comesa charges.” Comesa is the competition regulator that spans eastern and southern African nations; Comesa similarly announced plans to charge filing fees that involve two or more member states.

    Full Content: Ventures Africa

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