Court overturns Sh62.7 million fine against Tononoka over alleged price fixing

Kenya’s High Court overturned the Sh62.7 million fine imposed on steel manufacturer Tononoka Rolling Mills by the Competition Authority of Kenya over alleged price fixing and manipulation of construction material prices. It also set aside the Competition Tribunal’s decision upholding the penalties. The court found that the authority had relied on electronic evidence, including emails, that did not meet the admissibility requirements of the Evidence Act.