Regulator cracks whip on Del Monte and Basco Paints

Basco Paints Sales Manager T. Ramesh and Managing Director Kamlesh Shah during the launch of the Duracoat Fragrant Range of Paints at Serena Hotel. (James Wanzala, Standard)

The Competition Authority of Kenya has cracked the whip on food processing company Del Monte and paint manufacturer Basco Paints for engaging in anti-competitive behaviour.

The two companies have accepted liabilities, with the Del Monte paying Sh776,025 for misleading consumers while Basco Paints was slapped with a Sh20.8 million fine for price fixing.