Shopping for Consequences as Carrefour’s Abuse of Buyer Power Rings in at 1.11 Billion at Competition of Authority of Kenya (CAK) Checkout
In a groundbreaking move, the Competition Authority of Kenya (CAK) has today imposed significant sanctions on Majid Al Futtaim Hypermarkets Limited, operating as Carrefour in Kenya, for abuse of buyer power (ABP). The Authority, established under section 7 of the Competition Act, aims to enhance the welfare of Kenyans by enforcing fair competition practices, and its recent actions signal a firm commitment to this objective. Understanding Buyer Power Buyer power, as defined by the Competition Act, refers to a powerful buyer’s ability to obtain supply terms outside normal business practices, …