SETTLEMENT 71% confidence via regex

GAZETTE NOTICE NO. 5909

THE COMPETITION ACT

(No. 12 of 2010)

SETTLEMENT

IT IS notified for general information pursuant to section 39 of the Competition Act, 2010, (“the Act”), that in exercise of the powers conferred by section 38 of the Act, the Competition Authority (“the Authority”) has entered into a Settlement Agreement with Masherbrum Contractors Limited (“the Company”) after the Authority initiated investigations on alleged collusive tendering irregularities by participating firms in the tenders for Rural Electrification and Renewable Energy Corporation, with regard to procurement of concrete and treated-wooden electricity poles pursuant to section 31 of the Act. Under the settlement agreement— (a) The Company paid a financial settlement amount of Kenya Shillings Two Hundred and Three Thousand, Eight Hundred and Twelve (KES 203,812); and (b) The Company gave a written undertaking to desist from any anticompetitive conduct and shall put in place a competition compliance program to sensitize its leadership and key staff on competition law. Dated the 13th May, 2021. WANG’OMBE KARIUKI, MR/1813695 Director-General.

Dated the 13th May, 2021.

Extracted Entities (1)

previous_gazette_ref

5909

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 39
Date Signed: 13th May 2021
Page: 41
Extraction Method: regex

Source Gazette

Vol. CXXIII No. 133

Published 17th February 2021