CAK DG appointed to the World Bank Advisory Panel - Capital Business
Connect with us

Hi, what are you looking for?

COURTESY

Kenya

CAK DG appointed to the World Bank Advisory Panel

NAIROBI, Kenya, Dec 29-The Director General of the Competition Authority of Kenya Wang’ombe Kariuki has been appointed to the World Bank’s Advisory Panel.

His key deliverable will be advising on the World Development Report (WDR) 2021.

The Director-General will be part of a team of leaders from across the globe contributing to the seminal annual publication which will be themed Data for Better Lives.

“The appointment takes cognizance of the fact that competition law enforcement has a role to play in poverty alleviation and that data is a highly prized asset among companies which can be leveraged for development or socio-economic harm,” said Kariuki in a statement.

“Private firms may use data to deter entry of upcoming firms, thereby limiting or preventing competition to the detriment of consumers, specifically eroding their purchasing power and choice,” he added.

The WDR, which has been produced since 1978, provides in-depth analysis and policy recommendations on important aspects of development and serves as a reference point for, among others, policymakers, governments, civil societies, scholars, and multilateral organizations.

The upcoming report will among others, focus on opportunities and challenges of data to improve the lives of poor people in low-and middle-income countries, while trying to find a balance between data’s potential to improve lives and the risk of misuse.

Further, the WDR 2021 will seek to establish cases where data collection by private entities has been used for the good of society and propose data governance and policy reforms needed for less developed countries to benefit from the data economy.

The report shall also show the reflection of the data value chain, including data creation and collection, processing, sharing, securing access, archiving, and destruction, and harnessing it to facilitate more people participate in the digital economy and the benefits of a data-driven society.

Advertisement. Scroll to continue reading.

Kariuki has an MSc in Competition and Economic Regulation from City University, London.

He has served on the COMESA Competition Commission Board and is a founder member and first chairman of the African Competition Forum (ACF).

He has also served as a commissioner in the East African Community Competition Authority.

His main interests are in competition regulation and economics of institutions and development, currently focusing on the digital economy and platforms business.

He is a distinguished authority in the competition enforcement world for his advocacy efforts and other initiatives geared towards developing and modernizing various competition regimes.

Advertisement

More on Capital Business

World

LONDON, March 28 (Xinhua) — The gross domestic product (GDP) of the United Kingdom (UK) fell by an unrevised 0.3 percent in the last...

Top Story

NAIROBI, Kenya, Mar 28 – A total of 28 insurance companies dominate the list of abuse of buyer power cases in Kenya, the latest...

Aviation

NAIROBI, Kenya, Mar 28 – Skyward Express on Thursday unveiled its first direct flights from Jomo Kenyatta International Airport (JKIA) to Moi International Airport,...

Kenya

NAIROBI, Kenya, Mar 28 – Asset finance solutions provider Watu Credit has welcomed the publication of the draft national e-Mobility Policy. The company has...

Kenya

NAIROBI, Kenya, Mar 28 – The climate crusader Pan Africa Climate Justice Alliance (PACJA) has faulted the United Nations’ Santiago Network on Loss and...

Opinion

NAIROBI, Kenya, Mar 28 – Most Kenyans have become travel savvy post COVID-19 resulting in a lot of research and early bookings for both...

Kenya

NAIROBI, Kenya, Mar 28 – The Ministry of Investments, Trade, and Industrialization (MITI has moved quickly to address the recent tax concerns raised by...

Energy

NAIROBI, Kenya, Mar 28 – Kenya Power today unveiled a power backup plan that will ensure uninterrupted electricity supplies across the country in case...