Zambia’s Oligopolistic Cement market flogged by Competition Regulator for ‘unbridled business’ behaviour
The competition regulator in Africa’s copper producer Zambia has fined cement ‘oligopolistic’ producers Lafarge and Mpande Limestone 10% of annual turnover for two financial periods namely 2019 and 2020 for purported ‘unbridled business’ behaviours amounting to uncompetitive practices through purported price fixing. In a press release from the Competition and Consumer Protection Commission (CCPC), Lafarge Zambia Plc and Mpande Limestone Limited were fined 10% of their 2019 and 2020 turnovers for price fixing and division of markets while Dangote Cement was granted full leniency for having co-operated with the commission…
Read More Here
