A PYMNTS Company

Zambia: Fertilizer co slammed with fine for $20M cartel

By  |  June 7, 2013

Participants of a fertilizer cartel reports say worth more than $20 million have been slammed with a fine by the Competition and Consumer Protection Commission worth five percent of each company’s annual turnover. According to reports, Omnia Fertiliser Zambia and Nyiombo Investments Limited were found guilty of participating in the cartel that the regulator calculates cost Zambian citizens $20 million. The companies were providing fertilizer to the government. The exact value of the fines was not disclosed.

    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.

    Full Content: Times of Zambia

    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

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