CCPC courts Investors on Zambian competition laws

Competition and consumer protection commission (CCPC) has urged firms seeking to invest in Zambia to familiarize themselves with the country’s competition and consumer protection law.

CCPC Director Legal and Corporate Affairs Maureen Mwanza says her commission has noted with gratitude the number of investors coming from India And Asia in general adding that CCPC stood ready to guide them especially on cartels, mergers, acquisitions and take -over’s in the spirit of maintaining a competitive business environment.

She was speaking in New Delhi, India, during the 2018 international conference on competition law attended by Zambia’s high commissioner to India Judith Kapijimpanga among other dignitaries.

Mrs. Mwanza explains that CCPC has a healthy working relationship with the judiciary in Zambia as observed by landmark judgments that have excited the legal minds worldwide.

The CCPC director legal and corporate affairs further praised the media for working with the commission in unearthing uncompetitive practices as well as providing awareness.

Meanwhile, CCPC senior investigator on mergers and monopolies Kondwani Kaonga said the commission had initiated a leniency programme for cartels among others.

Ms. Kaonga says cartels under the Zambian law are civil and criminal in nature but the commission exempts the criminal aspect once a party applies for leniency under this programme.

She says a number of cartels had come forward to seek leniency with a latest case being in the insurance sector.

This was contained in a statement released by first secretary press and tourism at the Zambian Mission in New Delhi, India, Bangwe Naviley.