Kenya: President signed Competition Act (No. 12 of 2010) including anti-competitive agreements regulation

On 30 December 2010, the President endorsed the text for Competition Act (No. 12 of 2010). The Act prohibits agreements between undertakings, decisions by associations of undertakings, or concerted practices that prevent, distort, or lessen competition. This includes practices such as fixing purchase or selling prices, dividing markets, collusive tendering, and resale price maintenance. The Authority may investigate and penalise such agreements, with exemptions available under specific conditions that demonstrate public benefit or economic efficiency.