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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.

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

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