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Watchdog fines Tuskys, Ukwala Sh5m for unfair trade practices

Watchdog fines Tuskys, Ukwala Sh5m for unfair trade practices
One of Tuskys outlets. The supermarket chain and rival Ukwala have both been fined Sh5 million for anticompetitive trade practices. [Photo: File]

Kenya: Competition Authority of Kenya (CAK) has cracked the whip and fined retail chains Tuskys and Ukwala Sh5.3 million for engaging in what it said were unfair trade practices.

According to the authority, the two firms colluded in setting retail prices of items in their supermarkets in a manner that undermined fair competition in the retail sector.

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