Anti-trust agency lays down tough rules to break down trade cartels

Trade associations in the financial and agriculture sectors have less than two months to crack down on cartels within their jurisdiction that have continued to swindle consumers of their hard-earned income through unethical trade practices.

The Competition Authority of Kenya (CAK) wants the lobby groups to hire independent assessors to interrogate their business processes to encourage sound competition. The associations are required under a new approach - Special Compliance Process (SCP) to assess their operating systems, memorandum and articles of association, agreements, minutes, among other business procedures before end of September this year.