THE KENYA GAZETTE
Published by Authority of the Republic of Kenya
(Registered as a Newspaper at the G.P.O.)

GAZETTE NOTICE NO. 5996

THE COMPETITION ACT

(No. 12 of 2010)

SETTLEMENT

IT IS notified for general information in accordance with section 39 of the Competition Act, 2010, that in exercise of the powers conferred by section 38 of the Competition Act, the Competition Authority of Kenya has entered into a settlement agreement with Magnate Ventures Limited after the company was found to have contravened section 22 (1) (b) of the Act.

Under the settlement agreement—

(a) the Authority has imposed  a financial penalty to the tune of Kenya shillings  five million (KSh. 5,000,000) on the company; and

(b) the company gave a written undertaking to in future desist from egaging in any conduct that is in contravention of the Act.

Dated the 27th July, 2016.

WANG’OMBE KARIUKI,

Director-General.