The watchdog says that the deal was given a green light as it could not affect competition negatively and that the transaction met the threshold for exclusion provided under the Competition (General) Rules, 2019.
Another reason was that the combined value of the merging parties in 2021 was above Sh1 billion; the value of the assets of the target was Sh325.6 million, which is less than five hundred thousand shillings.
“IN EXERCISE of the powers conferred by section 42(1) of the Competition Act, 2010, the Competition Authority of Kenya excludes the proposed acquisition of joint control in Mawingu Network Limited (Mauritius by Infraco Africa Investment Limited from the provisions of Part IV of the Act…..,” said Adano W. Roba, acting Director-General CAK
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