The Competition Authority of Kenya (CAK) has fined Kenyan-based agroforestry firm that focusses on medicinal plants for merging with another company without seeking approval in line with the law.
CAK fined Asante Capital EPZ Limited a total of Sh549,019 for implementing a merger with two Moringa Entities (Moringa SCA and Moringa Mauritius Africa) without seeking approval as stipulated by the Competition Act.
