Recently, heads of competition agencies across Africa congregated virtually under the auspices of the African Competition Forum to deliberate on how we can prepare ourselves for an uncertain future. The meeting also recognised the critical role competition agencies play in ensuring that markets continue functioning competitively. Competition agencies have in recent weeks attended to infractions like price gouging, abuse of dominance, cartelisation, and abuse of buyer power. They should also enhance collaboration and cooperation with regional competition agencies and, nationally, with respective sector regulators. Competition agencies should also entrench a culture of Enterprise Risk Management and Business Continuity Management.

Source: The Star June 10, 2020 00:56 UTC