Latest in Tag: ECA Highlight

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Latest in Tag: ECA

ECA obliges entities to notify it of M&As over EGP 100m per year

The Egyptian Competition Authority has amended the Merger and Acquisition model to be effective starting September. Based on the amendment, Article 19 Sub-Article 2 stipulates businesses of over EGP 100m per year should notify the ECA when they acquire new assets, equity, and stocks, or join alliances. The law also sets a penalty for all …

Shaimaa Al-Aees

ECA spots construction, land transport violations

The Egyptian Competition Authority (ECA) directed several judicial control missions to the various governorates of the republic, after monitoring a number of violations. Some manufacturers in the construction materials’ sector raised their prices to an extent not justified by market elements, and this may constitute a violation of the provisions of the competition law. The …

Daily News Egypt

Africa achieved only 1.7% economic growth in 2016: UN

The constant changes that struck the Egyptian economy throughout 2016 is only part of the bigger picture and the fluctuations that hit the entire African continent, according to the United Nation’s Economic Commission for Africa’s (ECA) “Economic Report on Africa 2017”. The report was further elaborated in a conference held at the United Nations Information …

Reem Hosam El-din

ECA refutes illegal broadcasting rumours

The Egyptian Competition Authority (ECA) dismissed rumours that it would approve the illegal broadcast of the Africa Cup of Nations matches by Egyptian television channels. The ECA said in a statement issued on Sunday that it did not approve broadcasting for any channel. Instead, it emphasised the importance of restoring the spirit of competition within …

Hisham Salah

Egyptian Competition Authority refers CAF president to general prosecution

The Egyptian Competition Authority (ECA) decided Tuesday to refer the president of the Confederation of African Football (CAF), Issa Hayatou, to the general prosecution after it claimed to have proven that Hayatou violated the Protection of Competition Act. The authority has claimed in a statement that Hayato had abused his position in regards to the …

Maya Nawar

ECA detects monopolistic practices in Egyptian automotive sector

The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect  restrictions and different forms of monopolisation practiced by …

Reem Hosam El-din