Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Governors have been trying to take over the milling and marketing of the crop in bid to give more returns on investment to farmers/FILE

Kenya

Authority alarmed over trade barriers in counties

Governors have been trying to take over the milling and marketing of the crop in bid to give more returns on investment to farmers/FILE

Governors have been trying to take over the milling and marketing of the crop in bid to give more returns on investment to farmers/FILE

NAIROBI, Kenya, May 12 – The Competition Authority of Kenya is set to meet with County Governors to pinpoint restrictive practices that are hindering potential investors and competition in counties.

Speaking at a journalists’ training session in Naivasha, the Competition Authority of Kenya Director General Wangombe Kariuki says some of the investment measures the Governors are implementing in their counties are hindering potential investors.

Among the issues in counties include the management of coffee.

Governors have been trying to take over the milling and marketing of the crop in bid to give more returns on investment to farmers.

Among the counties affected are Kiambu County, Nyeri County, Murang’a County and Kirinyaga County.

“This is among the things we are set to look into this financial year. We need the Governors to put up measures that do not affect investments, “he said.

He said uneven levies in counties are also problematic and will deter investments.

“There is one county that has very heavy levies on lying down of fibre optic cables, while others are offering cheap levies; some of these things will hinder investments. We are keen on what the counties are doing,” he said.

The authority plans to incorporate other government agencies in the planned Governors’ workshop.

On Monday, the authority hosted various industry associations and regulatory authorities to guide them against practices contravening the Competition Act.

Advertisement. Scroll to continue reading.

The associations and authorities Include: The Cereal Millers Association, the Petroleum Institute of East Africa, Kenya Bankers Association, Energy Regulatory Commission, Shippers Council of Eastern Africa, Communication Authority of Kenya among others.

Kariuki says there are practices which competing firms working through industry associations are engaged in that contravene the Act.

He also raised concerns over the edible oil business owing to the huge price gap between local prices and international prices.

“Kenyan prices are way higher than the international prices. This is alarming,” he said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...