By GERALD ANDAEMore by this AuthorCoca-Cola Beverages Africa Ltd (CCBA) will suspend the clause that allows it to set price for distributors of its non-alcoholic drinks following a probe by Comesa Competition Commission (CCC). The competition Commission says stipulation of price by CCBA, a subsidiary of the Atlanta based Coca-Cola Company, has a tendency of subjecting consumers to higher prices. The Coca-Cola unit, says the Comesa body undertook to amend its agreements to remove clauses that stipulate the prices and profit margins for its products. “Furthermore, the CCBA undertook to implement a compliance programme designed to ensure that its employees, management and directors do not engage in conduct that contravenes the regulations,” CCC notes. Chris Kirubi owns a 45 per cent stake in Bayer East Africa, which is a subsidiary of the Bayer Group.

Source: Daily Nation March 05, 2019 19:30 UTC