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GAZETTE NOTICE NO. 7010

THE COMPETITION ACT

(No.12 of 2010)

SETTLEMENT

IT IS notified for general information 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 of Kenya ("the Authority") has entered into a settlement agreement with Faulu Microfinance Bank Limited ("the Company") after the Company was found to have contravened section 56 of the Act. Under the settlement agreement — (a) the Authority has imposed a financial penalty to the tune of one hundred and fifty thousand KSh. 150, 000.001= on the Company; and (b) the Company gave a written undertaking vide the settlement agreement to in future refrain from engaging in any conduct that is in contravention of the Act. Dated the 26th June, 2019. WANG'OMBE KARIUKI, MR/6508456 Director-General.

Dated the 26th June, 2019.

WANG'OMBE KARIUKI,

Director-General.

Extracted Entities (1)

previous_gazette_ref

7010

Details

Act / Legislation: THE COMPETITION ACT
Reference: No.12 of 2010
Section: section 39
Signed By: WANG'OMBE KARIUKI
Title: Director-General
Date Signed: 26th June 2019
Page: 36
Extraction Method: regex

Source Gazette

Vol. CXXI No. 93

Published 20th February 2019