COMPETITION LAW ENFORCEMENT IN AFRICA – A NEW PRIORITY FOR COMPLIANCE
African countries are increasingly recognising the importance of competition law enforcement in fostering economic growth and development. Some important trends are emerging that are crucial for those designing and implementing their company’s competition law compliance programs.
Practices which stifle competition (like price-fixing, market allocation and bid-rigging by competitors) as well as abusive practices by dominant firms (like excessive pricing, anticompetitive rebate schemes and bundling) harm innovation and may result in African consumers paying more for goods and services.
Anticompetitive conduct is particularly rife in sectors of African economies which directly impact on poor consumers, like the food and construction value chains, telecommunications, banking and chemicals. Several African nations, and other regional bodies like the Common Market for Eastern and Southern Africa (COMESA), have enacted antitrust laws over the past 10 years. Efforts to effectively enforce these laws and prosecute companies and individuals who contravene these laws are on the rise.
Oct-Dec 2014 Issue
Norton Rose Fulbright