Trade associations face crackdown, Sh10m fine for unethical practices

Shoppers at a supermarket in Nairobi. The Competition Authority is seeking to punish businesses applying unethical practices in the market. [PHOTO:FILE/STANDARD]

Competition Authority of Kenya (CAK) wants trade associations to audit their operation systems and rules as part of its new resolve to crack down on increasing cartels swindling consumers and farmers of their hard-earned income through unethical trade practices.

Starting June this year, the regulator will publish in the Kenya gazette, a notice requiring all business member organisations to hire independent assessors to interrogate their business processes to encourage sound competition.