Why EAC Competition Bill was amended

MP Pierre Celestin Rwigema told Doing Business that normally, any merger or acquisition of firmsu2019 shareholdings which can distort competition is not allowed but the EAC Council of Ministers has the power to approve such a merger or acquisition in their wisdom based on public interests. Photo: Courtesy.
MP Pierre Celestin Rwigema told Doing Business that normally, any merger or acquisition of firms’ shareholdings which can distort competition is not allowed but the EAC Council of Ministers has the power to approve such a merger or acquisition in their wisdom based on public interests. Photo: Courtesy.
James Karuhanga