×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Monopoly firms making Kenya unattractive, blocking investors

Vocalize Pre-Player Loader

Audio By Vocalize

An illustration of business monopoly. [Getty Images]

Away from the cocktail of high and unpredictable tax regimes, regulatory hurdles and poor infrastructure blamed for making Kenya bad for business, a few private sector players have had a hand in making the country uncompetitive and unattractive to more investors.

Analysts say that some companies have grown too big and in turn abused their dominance by preventing entry of new players in their respective sectors. The consumer pays the ultimate price as in the absence of formidable competition, the dominant players can "charge what they want".

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
As Kenya braces for Iran war fallout, CBK forex reserves hit Sh1.82t
Business
Standard Chartered targets key sectors in new financing push
Business
Iran-US war costs Kenyan flower exporters Sh623 million
Business
Tea factory bosses warn new law for sector to hurt farmers