THE STANDARD By
Macharia Kamau |
February 23rd 2021 at 10:09:22 GMT +0300
Competition Authority of Kenya Director General Wang’ombe Kariuku (left) consulting with Joyce Karanja-Ng’ang’a, Partner at Bowmans, Coulson Harney LLP,
The insurance industry is under the spotlight after the Competition Authority of Kenya (CAK) flagged the numerous instances of delays in remitting payments to suppliers.
This is in addition to other practices that are detrimental to suppliers, many of them small businesses.
The authority, which has an oversight role on how large companies relate with their small and medium enterprises (SME) suppliers, cited the insurance firms for abuse of buyer power, where a company has considerable sway and can dictate terms of engagement with a supplier.
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Mixed 2021 M&A outlook for Africa and Middle East
Published by: Sandy Bhadare at 15/02/2021 The exercise of due diligence was a major issue for EMEA M&A deals in 2020, and the region s 2021 out.
The exercise of due diligence was a major issue for EMEA M&A deals in 2020, and the region’s 2021 outlook is varied, according to a new report.
Lex Mundi’s
2021 Global M&A Trends Report explored the state of the mergers and acquisitions (M&A) market in Africa and the Middle East (EMEA) and four other regions in 2020, as well as the picture for 2021.
The report, which surveyed a number of independent law firms, showed that the majority of private and public M&A deals in 2020 in Africa and the Middle East were mid-market and in the financial services sector.