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"speaker_name": "Sen. Okenyuri",
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"content": "(g) EABL has sold several assets as part of its realignment strategy. However, allegations that these sales were to finance operations remain unproven. (h) The CAK received complaints regarding anti-competitive practices by KBL and EABL, holding 90 per cent and necessitating stricter enforcement of penalties under Competition Act. (i) EABL has unresolved task disputes with the KRA and at various stages, but there are no pending disputes involving Diageo PLC. The Committee then recommends that- (1) The CMA to monitor compliance with the capital markets that public offers, listings and disclosures under Regulations 2023 and within six months of tabling of this Report, submit a report to the Committee on the status of implementation and compliance with the said regulations. (2) The CMA engages and sensitizes the public on the provisions of the regulations in (i) above and demonstrates the initiatives taken in this regard in the report to be submitted to the Committee. (3) The CAK should enforce the pecuniary penalty outlined under Section 24(3) of the Competition Act of 2010 for abuse of dominant position to deter breach of competition rules and promote fair marketing practices for all players. (4) Enforcement of the pecuniary penalty is likely to be more expedient and deterring repeated abuse of dominance. (5) The CAK, within six months of tabling of this report, submits a report to the Senate on reported cases of abuse of dominant position in the period between 2023 to 2024 and the respective measures and decisions taken by the Authority to resolve the cases. Mr. Deputy Speaker, Sir, it is now my pleasant duty and privilege on behalf of the Committee to present this Report of the Standing Committee on Trade, Industrialisation and Tourism on its consideration of the Petition by Mr. Rono Nicholas concerning fraudulent shareholding activities and illegal acquisition of EABL by Diageo PLC. The Report is signed by the Senate Standing Committee on Trade, Tourism, and Industrialisation. I thank you."
}