Anti-Competition Hamper Economic Growth
Monday, March 26, 2018
Acting Minister of Investment Trade and Industry, Biggie Butale told the national competition conference last week that this takes place despite government’s efforts to create massive opportunities for growth. He added that since the establishment of the Competition Authority in 2011 bid rigging cases accounts for almost 40% of the restrictive business cases that the Authority has handled.
He added that empirical evidence has shown that bid rigging can increase the cost of goods and services by 20% and that the cost of such conduct is around 35% to 55% for developing countries. “I am fully aware that in some instances, markets are not fully functional and efficient because of the legislative environment that restricts competition. We are therefore as government supporting Competition Authority in undertaking a comprehensive study of the laws that harm and restrict competition,” he said.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...