Watchdog stops paints price fixing

Crown Paints Group CEO Rakesh Rao. PHOTO | SALATON NJAU | NMG

The Competition Authority of Kenya (CAK) has faulted four paint manufacturers for cartel-like practices including price fixing that has exposed consumers to high charges for various brands.

The CAK has revealed to Parliament that Crown Paints — the only listed paint maker in Kenya — Basco Products Limited, Kansai Plascon and Galaxy Paints were found guilty of price fixing and determining discounts for consumers.

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