Thread by @mmnjug

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.

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

Non-good sectors like transport and telecomms which play a critical role in influencing competition are also critical in regards to competition policies and they enhance availability of choice to consumers.

#WCD
#WCD2021

Some of the @CAK_Kenya interventions:

Telecoms: Extinguishing exclusive agreements in the mobile money agents' contracts that led to 150% growth in agent numbers to Sept 2021.

#WCD
#WCD2021

Tea sector intervention by @CAK_Kenya removed the entry barriers to the lucrative purple tea business creating 2,000+ direct and indirect jobs.

#WCD
#WCD2021

.@CAK_Kenya interventions in the cement business where cement makers were sharing info led to an 8.8% drop in cost of cement in the last 4yrs saving Kenyans Kes4.6B.

#WCD
#WCD2021

Today, the challenge that @CAK_Kenya faces is that one of balancing MSMEs growth and the enforcement of competition law and this is what they're trying to do.

#WCD
#WCD2021