C
Originally published by Capital Business
📰 Read Full Article
business
November 14, 2025
3h ago

Cartels: The invisible tax on consumers

Cartels: The invisible tax on consumers

By David Kemei NAIROBI, Kenya, Nov 14 - The word cartel evokes negative connotations, and rightly so. Cartels, irrespective of the sector in which they Kenya breaking news | Kenya news today |..

✨ Key Highlights

Cartels are an "invisible tax" on consumers, leading to increased prices and stifled economic growth, according to David Kemei, Director-General at the Competition Authority of Kenya (CAK). The CAK is intensifying efforts to combat cartel behavior across various sectors.

  • Cartels can inflate prices by 20% – 25%, as indicated by studies from the World Bank and OECD.
  • The CAK has penalized steel manufacturers over KES 338 Million in August 2023 and paint manufacturers KES 66 Million in 2021 for cartel conduct.
  • The CAK has invested KES 45 Million in a forensics laboratory to enhance evidence gathering and offers leniency for voluntary disclosure of cartel activities.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article