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HomeDaily NewsTuesday, July 28, 2026CAK Launches Cartel Investigations Across Bread, Sugar, Mattress Markets - July 2026
Business & Economy3 stories from 2 sources

CAK Launches Cartel Investigations Across Bread, Sugar, Mattress Markets - July 2026

The Competition Authority of Kenya (CAK) has launched investigations into suspected cartel activities within the bread, sugar, and mattress manufacturing industries as part of efforts to combat anti-competitive practices affecting household spending. Meanwhile, Kenya's sugar production has surged by nearly 22% in the first five months of 2026, driven by increased cane deliveries and sector reforms, boosting the government's goal of transforming Kenya into a net sugar exporter. Separately, Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody's Ratings, with the reaffirmation highlighting the company's robust financial standing characterized by a strong capital base and stable earnings.

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Tuesday 9:09 AMCapital Business

CAK probes suspected cartels in bread, sugar and mattress markets

CAK probes suspected cartels in bread, sugar and mattress markets

The Competition Authority of Kenya (CAK) has launched investigations into suspected cartel activities within the bread, sugar, and mattress manufacturing industries. These probes are part of the regulator's ongoing efforts to combat anti-competitive practices affecting household spending.

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Key Highlights

The Competition Authority of Kenya (CAK) has launched investigations into suspected cartel activities within the bread, sugar, and mattress manufacturing industries. These probes are part of the regulator's ongoing efforts to combat anti-competitive practices affecting household spending.

  • The investigations cover alleged "cartel-like behaviour" among market players in these three key sectors.
  • The Competition Authority of Kenya (CAK) is the organization conducting the probes.
  • The probe was disclosed in the Authority’s Annual Report and Financial Statements for the year ended June 30, 2025.
Monday 8:24 PMNation BusinessFirst

Sugar output jumps 22pc on improved weather, reforms

Sugar output jumps 22pc on improved weather, reforms

Kenya's sugar production has surged by nearly 22% in the first five months of 2026, driven by increased cane deliveries and sector reforms. This boost strengthens the government's goal of transforming Kenya into a net sugar exporter.

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Key Highlights

Kenya's sugar production has surged by nearly 22% in the first five months of 2026, driven by increased cane deliveries and sector reforms. This boost strengthens the government's goal of transforming Kenya into a net sugar exporter.

  • Domestic sugar production reached 348,143 tonnes, a significant increase from 285,418 tonnes in the same period last year.
  • The rise is attributed to reforms implemented by President William Ruto's administration, including the Sugar Act 2024 and the leasing of four state-owned sugar mills.
  • The revitalized sugar industry now supports an estimated 250,000 direct jobs and sustains nearly six million livelihoods.
Tuesday 6:30 PMCapital Business

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody’s Ratings. The reaffirmation highlights the company's robust financial standing, characterized by a strong capital base and stable earnings.

Read Story

Key Highlights

Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody’s Ratings. The reaffirmation highlights the company's robust financial standing, characterized by a strong capital base and stable earnings.

  • Kenya Re's total capital has strengthened to US$460.3 million (KSh59.49 billion).
  • The reinsurer, led by Managing Director and CEO Hillary Wachinga, is expanding its regional presence into Tanzania and Rwanda.
  • GCR affirmed Kenya Re's international rating at B and its national scale rating at AA+(KE), with a Stable Outlook.
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