Rwanda: Law No. 32/2012 relating to Competition and Consumer Protection including merger control regulation entered into force

On 12 November 2012, Law No. 32/2012 relating to Competition and Consumer Protection enters into force after its publication in the official gazette. Mergers are regulated by law, requiring notification and approval from the relevant regulatory authority. A merger occurs when two or more enterprises combine, either by forming a new entity or through the acquisition of assets. Notifiable mergers must be reported within 30 days of the decision to merge, and the regulatory body assesses these mergers based on criteria such as market competition, public interest and potential technological efficiencies. The body may impose conditions, declare mergers unlawful or require divestment of assets to prevent or mitigate anti-competitive effects. Failure to comply with notification requirements or implementing a merger without approval can result in administrative sanctions.