Report Urges Kenyan Competition Reforms as Mars Wrigley Invests Sh4.3bn

A joint report by the World Bank and the Competition Authority of Kenya (CAK) indicates that pro-competition reforms could boost Kenya’s GDP by over Sh77.7 billion. The study highlights that opening markets, particularly in sectors like electricity, could significantly increase economic growth and job creation. The same report criticizes the Kenyan government's significant ownership in Kenya Electricity Generating Company (KenGen), stating it distorts competition. This state control is said to deter private investment in the power sector. In a separate development, Mars Wrigley has invested Sh4.3 billion ($33 million) to expand its Athi River plant. This investment is for a new sugar-free gum production line over the next three years, reinforcing Kenya's role as a regional manufacturing hub.