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5 Dec, 6 tweets, 4 min read
Competition Authority of Kenya aka @CAK_Kenya was established by Competition Act No.12 of 2010 with the objective of enhancing the welfare of Kenyans by promoting and protecting effective competition in markets and preventing misleading market conduct throughout Kenya. #WCD2021
The Competition Act no.12 of 2010 that establishes @CAK_Kenya [pdf] bit.ly/3rtT7eN

#WCD2021
Our role is to protect, strengthen and supplement the way competition works in Kenya markets and industries to improve the efficiency of the economy and to increase the welfare of Kenyans. - @CAK_Kenya

#WCD2021
.@CAK_Kenya oversees the following roles under its mandate:

Anti-Competitive practices
Consumer protection
Mergers and acquisitions
Abuse of buyer power
Planning policy and research
cak.go.ke - bit.ly/3lS9Vsr #WCD2021
Are you dissatisfied by a service accorded to you? File a service complaint here bit.ly/3deqTwb by @CAK_Kenya

#WCD2021
Did you know that you can file a consumer complaint via email, call or just walking into @CAK_Kenya offices?

This is how to file a consumer complaint on their website: bit.ly/3rxHC5X

#WCD2021

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More from @mmnjug

mmnjug™ Profile picture
7 Dec
.@KRACare has sealed airports and border points in search of a billionaire @JubileePartyK campaign financier wanted over Sh2.2B unpaid taxes from big-ticket State tenders in agencies like @Kemsa_Kenya and @kdfinfo. - @NationAfrica
.@KRACare issued the alert to seal the border points, including Jomo Kenyatta International Airport (JKIA), to prevent Mary Wambui Mungai from leaving the country after she skipped court to answer to charges of failing to pay taxes between 2014 and last year.
In June, the businesswoman failed to appear before the Directorate of Criminal Investigations (DCI) as directed, claiming she was in Zambia for undisclosed business deals.
Read 6 tweets
mmnjug™ Profile picture
7 Dec
What deal is this now?

South Africa will deport all illegal migrants including from other nations to Kenya as part of a new deal that will relax the current strict Visa restrictions for Kenyans. bit.ly/3osxbPh
Under the new deal, brokered by President Uhuru and his South African counterpart Cyril Ramaphosa following a state visit to the country by the President last month, it will now be the responsibility of Kenya to block all illegal migrants from entering South Africa from Kenya.
Kenya will also be required to take back the deported illegal migrants from South Africa who entered the country from Kenya, shifting the burden of curbing the flow of illegal migrants to Nairobi.
Read 12 tweets
mmnjug™ Profile picture
6 Dec
Members of Parliament have failed in their bid to stop recovery of at least Sh2.7B they earned as illegal allowances. - @NationAfrica
The lawmakers, jointly with Parliamentary Service Commission (PSC), had moved to the Court of Appeal seeking suspension of a High Court order that directed Clerks of @NAssemblyKE and @Senate_KE to deduct the illegal allowance payments in full from each of the lawmakers' salaries.
From 2018 to December 10, 2020, when the High Court issued the order, each of the 418 legislators used to earn a monthly allowance of Sh250,000 for accommodation and house allowance, without approval of the Salaries and Remuneration Commission @srckenya.
Read 28 tweets
mmnjug™ Profile picture
6 Dec
Kenya’s third President Mwai Kibaki ran the country with little donor funding for 10 years because of a disciplined collection of revenue that pushed back against powerful political forces, his star tax czar has said. - @NationAfrica
Kibaki era @KRACare CG Michael Gitau Waweru says in a new book that a number of reforms initiated at the time and a dogged determination not to be derailed by political interference saw tax revenues jump 116% by 2005, only two years after NARC came into power.
As the person charged with overseeing the collection of government revenue, that sometimes put me on a collision course with powerful figures who tried to use their offices to avoid paying tax or shield relatives and friends on KRA’s radar for avoiding tax....
Read 50 tweets
mmnjug™ Profile picture
5 Dec
Whenever there is a discussion regarding reinvigorating the business environment in Kenya, they inevitably pivot to the fact that MSMEs contribute about 34% of the GDP and employ about 15M people. - @CAK_Kenya

#WCD
#WCD2021
Unfortunately, a fifth of these small firms fail in their first year and just a third survive past their tenth birthday.
The survival rates are attributed to hurdles disproportionately facing SMEs such as unfair competition practices including incidences where buyer firms with superior bargaining power delay payments, impose unfair contract terms or transfer costs when dealing with suppliers.
Read 23 tweets
mmnjug™ Profile picture
5 Dec
Today is the World Competition Day #WCD which is marked annually to promote public understanding of competition enforcement and benefits to consumers.

#WCD2021 Theme: Competition Policy for an Inclusive and Resilient Economy. Image
According to OECD, "...competitive markets are key drivers of economic growth, productivity and are valuable channels for consumer welfare..."

#WCD2021
Competition policies are meant to promote inclusiveness by boosting healthy business rivalry in a country's most relevant sectors that touch on the majority of households' basic needs.

#WCD
#WCD2021
Read 8 tweets

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