Kenya needs to open a national conversation on emerging digital innovations that are disrupting business norms, threatening to wipe out old players.
The Competition Authority of Kenya (CAK) reckons that while digital innovations have helped startups to grab considerable market share and consumers to enjoy better services, there is need for a new approach to laws on competition in the sector.
“Disruptive innovations such as app-based taxis versus traditional taxis have brought new challenges on existing policy frameworks.
As a result, there has been concerted effort to realign the application of competition law and policy to deal with emerging issues,” said CAK Director General Wang’ombe Kariuki.
Mr Kariuki welcomed digital innovations saying Kenyans had benefited from lower prices and better services.
He observed that more jobs and companies were being created as the innovations space continues to expand…Read more