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The Competition Authority of Kenya (CAK) has approved a joint venture between Amstel Trading Company Ltd., a Kenyan paper importer, and Kingsbourne Assets Limited, a foreign manufacturer.
This partnership aims to establish a paper converting facility in Kenya, enhancing local production capabilities and reducing reliance on imported paper products. The move is expected to boost the local economy and create job opportunities within the paper manufacturing sector.
Citations:
[1] https://kenyanwallstreet.com/cak-okays-joint-venture-between-kenyan-paper-importer-and-foreign-manufacturer/
[2] https://www.citizen.digital/business/cak-approves-joint-venture-between-amstel-and-kingsbourne-companies-n347161
[3] https://allafrica.com/stories/202408050290.html
[4] https://www.ifc.org/content/dam/ifc/doc/mgrt/201907-cpsd-kenya.pdf
[5] https://www.cak.go.ke/sites/default/files/2023-01/11%20Years%20of%20Competition%20Law%20Enforcement%20in%20Kenya_Final.pdf
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