On Monday, September 9, the Common Market for Eastern and Southern Africa (COMESA) urged member states to enact national competition laws in order to promote consumer interests.
George Lipimile, chief executive officer of the COMESA Competition Commission, told a regional forum in Nairobi that so far 17 out of the 21 member states have put in place legislation to enhance competition in the marketplace.
“We are urging Uganda, Eritrea, Libya and Somalia to also enact competition laws in order to address legitimate social objectives such as increasing employment, poverty eradication, and inclusive growth,” Lipimile said during the COMESA Competition Commission media workshop.
Lipimile said that the purpose of competition law is to protect and promote the competitive process, so as to boost economic efficiency, thereby generating lower prices, better products, and increased consumer choice which enhances the welfare of the general community in the long run.
Full Content: Xinhuanet
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI