Nairobi, Nov. 8 -- The High Court has overturned a Sh62.7 million fine imposed on steel manufacturer Tononoka Rolling Mills by the Competition Authority of Kenya (CAK) over alleged price fixing and manipulation of construction material prices.

The court set aside the Competition Tribunal's decision upholding the penalties, ruling that CAK had relied on electronic evidence including emails that did not meet the mandatory admissibility requirements under the Evidence Act.

Published by HT Digital Content Services with permission from Business Daily....