In this episode recorded on 20.12.2023, we are joined by Dr. Priscilla Njako - Manager - Competition Authority of Kenya (CAK), Willy Kimani - Director, RETRAK Kenya, and Ishmail Bett - CEO, Association of Kenya Suppliers for an in-depth discussion on buyer power and its potential abuse.
We also cover the role of the Competition Authority of Kenya, the recent KES 1.1B penalty meted out to Carrefour, the sanctity of contracts, and retail trade dispute settlement.
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Show Notes
00:00:00 Introduction
00:02:17 CAK’s Role and Buyer Power
00:08:32 Retail Space in Kenya
00:14:52 Association of Kenya Suppliers
00:17:02 Determination of Buyer Power and its Abuse
00:27:12 Sanctity of Contracts
00:33:48 Dispute Settlement, the Competition Tribunal, and the Carrefour Case
00:54:02 Settlements with CAK and the Carrefour Penalty
01:10:37 Beyond The Penalty
01:18:09 Options Available to an Offending Party
Understanding Buyer Power