BUSINESS

CAK Report: Kenya Could Gain Ksh77.7B With Faster Market Reforms

Share
CAK Director-General David Kemei
CAK Director-General David Kemei
Share

Competition Authority of Kenya (CAK) has said the country stands to gain more than Ksh 77.7 billion in additional GDP if it accelerates pro-competition reforms across key sectors, according to a new report released together with the World Bank.

The study, launched in Nairobi, shows that opening up markets—particularly in electricity and professional services—could increase value-added growth by 7.5 per cent. Broader structural reforms could also raise annual GDP by 1.4 per cent and create more than 400,000 jobs.

CAK Director-General David Kemei said the findings reaffirm the strong link between competitive markets, productivity and overall economic resilience.

He noted that although Kenya has made progress since the 1980s, the economy is still slowed down by restrictive regulations, state dominance in some sectors, and high barriers that limit new entrants.

“The room for growth is still quite high, even within the current fiscal realities,” he said.

The report recommends eliminating rules that distort fair competition, including discriminatory licensing regimes, rigid minimum fees and loss-making state-owned enterprise interventions that crowd out private players.

It also highlights county-level barriers, inefficient logistics and structural challenges in agriculture, electricity, fertilizer distribution and professional services.

Kemei called for a whole-of-government approach to drive reforms, warning that uncompetitive markets raise business costs, stifle SMEs and hurt consumers.

He added that ongoing changes—such as the Competition Amendment Bill 2025, stronger buyer-power enforcement and digital-market oversight are vital to reducing prices, improving services and attracting more investment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
TotalEnergies Marketing Kenya outlet
BUSINESSSTOCKS

TotalEnergies Marketing Kenya Plc 2026 HY Net Profit Up 21.3% to KSh1.3Billion

TotalEnergies Marketing Kenya Half-Year net profit rose 21.3% to KSh 1.3 billion...

Ziidi allows Investors to invest in fixed income market
BUSINESS

Ziidi Money Market Fund Balance Sheet Size Grows 90.2% to KSh 20.3Billion

Ziidi Money Market Fund(MMF), managed by Standard Investment Bank and ALA Capital,...

Cane farming in Siaya - Equity Bank
ECONOMYENTERPRISE 101

Siaya Fisherman Builds a 480-Acre Sugarcane Empire

The shores of Lake Victoria are beautiful, but for fisherman Radido Otieno...

Nedbank Group acquires NCBA Group
BUSINESS

Nedbank Group Acquires Bank Linked to the Kenyatta Family

Another major acquisition has taken shape in the banking industry, after Central...