CS Mwangi Kiunjuri: Kenya losing million in revenue for allowing monopolies

Cabinet secretary Devolution and Planning Mwangi Kiunjuri flanked by Director, United Nations Economic commission for Africa, Eastern Sub-region Antonio Pedro (left) during the opening of the intergovernmental committee of experts held in Nairobi. PHOTO: WILLIS AWANDU/STANDARD

NAIROBI: Kenya is losing billions in revenue by letting investors have monopoly over the industries they create in the country, the government has said.

Despite producing the raw materials for these industries, not even the adjacent communities are said to be benefiting from them.