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Comesa imposes mandatory alerts for merger deals worth above Sh8bn
Under the EACCA rules, merging companies will pay a notification fee of Sh5.8 million ($45,000) for transactions valued at between $35 million and $50 million (Sh6.5 billion), while those valued at $50 million to $100 million (Sh12.9 billion) will be charged a fee of $70,000 (Sh7 million).
The Common Market for Eastern and Southern Africa (Comesa) has introduced mandatory notifications for cross-border mergers and joint ventures within the trade bloc with a combined turnover or asset base of at least $60 million (Sh7.74 billion).
For digital marketplace transactions, the reporting threshold has been set at $250 million (Sh32.3 billion), assessed on a global basis rather than the size of business attributable to the Comesa region.
