The Competition Authority of Kenya (CAK) has welcomed a new era of leadership following the appointment of Mr. Charles W. Mahinda, MBS, as the Chairperson of its Board of Directors. Mr. Mahinda, a seasoned public policy expert with over 30 years of experience, was appointed by H.E. President William Samoei Ruto for a three-year term
The Competition Authority of Kenya (CAK) has allowed the proposed acquisition of control of Riverbank Solutions Limited by KCB Group Plc, but this is dependent on stringent terms regarding access to customer data and the satisfaction of contractual obligations. The approval follows a full merger analysis conducted under the Competition Act, CAP 504 of the
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 100 percent shareholding of Paramount Bank Limited by Zenith Bank PLC, subject to strict conditions aimed at safeguarding jobs. The Authority said the approval followed an extensive competition and public interest assessment which found that the transaction is “unlikely to lead to a
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