Kenya: Competition Authority Approves Acquisition of Controlling Stake in Minerals Company to Australian Firm

The Competition Authority of Kenya (CAK) on Monday approved the proposed indirect control of a minerals exploration company with operations at the Coast by an Australian Corporation.

In a statement issued by the Authority on Tuesday, the CAK approved the Australian company’s acquisition of 100 per cent of outstanding shares of the exploration company.

The company being acquired owns and operates a mineral mine in Kwale County, Kenya where it explores ilmenite, rutile and zircon mainly for…