{"id":3179,"date":"2026-06-04T10:43:48","date_gmt":"2026-06-04T10:43:48","guid":{"rendered":"https:\/\/livenation254.com\/?p=3179"},"modified":"2026-06-04T12:32:43","modified_gmt":"2026-06-04T12:32:43","slug":"treasury-ps-chris-kiptoo-fair-competition-is-the-key-to-jobs-lower-prices-and-kenyas-economic-growth","status":"publish","type":"post","link":"https:\/\/livenation254.com\/?p=3179","title":{"rendered":"Treasury PS Chris Kiptoo: Fair Competition Is the Key to Jobs, Lower Prices and Kenya\u2019s Economic Growth"},"content":{"rendered":"
By Jeff Kizzilah Digital Editor<\/strong><\/em><\/h6>\n

Principal Secretary at the National Treasury, Dr. Chris Kiptoo, has reaffirmed the Government\u2019s commitment to strengthening competition and consumer protection, describing fair markets as a critical driver of economic growth, job creation, investment, and improved livelihoods for Kenyans.<\/p>\n

\"\"<\/a><\/p>\n

Principal Secretary at the National Treasury, Dr. Chris Kiptoo<\/em><\/strong><\/p>\n

Speaking during the Research Conference on Competition and Consumer Welfare organized by the Competition Authority of Kenya (CAK) in Nairobi, Dr. Kiptoo said Kenya\u2019s economic transformation agenda can only succeed if markets remain fair, inclusive, and free from anti-competitive practices that disadvantage consumers, farmers, and small businesses.<\/strong><\/p><\/blockquote>\n

 <\/p>\n

The conference brought together policymakers, researchers, academics, regulators, and industry stakeholders to discuss the role of competition and consumer welfare in fostering sustainable economic growth amid rapidly changing global markets.<\/p>\n

 <\/p>\n

Dr. Kiptoo noted that agriculture remains one of the most critical pillars of Kenya\u2019s economy, contributing 22.5 percent of GDP directly and supporting millions of livelihoods. He warned that anti-competitive practices in key sectors such as agriculture increase costs for farmers, reduce earnings, and undermine national food security objectives.<\/p>\n

 <\/p>\n

\u201cCompetition enforcement is not merely a regulatory function. It is a powerful economic tool that supports food security, reduces poverty, and promotes inclusive growth,\u201d he said.<\/p>\n

The PS also highlighted the importance of protecting Micro, Small and Medium Enterprises (MSMEs), which contribute 34 percent of Kenya\u2019s GDP and employ approximately 15 million people. He observed that many MSMEs struggle to survive due to unfair business practices, delayed payments, restrictive contracts, price-fixing arrangements, and barriers to market entry.<\/p>\n

He commended the Competition Authority of Kenya for its efforts in dismantling anti-competitive arrangements, reviewing regulations, conducting market studies, and advising government on policies that create a more level playing field for entrepreneurs.<\/p>\n

Dr. Kiptoo cited findings from the Bridging Barriers Study released jointly by the World Bank Group and CAK in December 2025, which revealed that Kenya\u2019s Product Market Regulation Index stands at 2.92 out of 6, indicating significant restrictions to competition. The study further found that removing trade and investment barriers could increase formal<\/strong> employment by 2.6 percent and boost real GDP by 4.9 percent by 2035.<\/p><\/blockquote>\n

\u201cThese findings demonstrate that competition reform is not an academic exercise. It presents a tangible opportunity to create jobs, attract investment, and accelerate economic.<\/p>\n

The Treasury PS further welcomed recommendations from the OECD Peer Review on Kenya\u2019s Competition Enforcement Framework, noting that the Government is working closely with CAK to implement reforms that will strengthen market efficiency and unlock greater economic opportunities.<\/p>\n

On public procurement, Dr. Kiptoo emphasized the need to eliminate bid-rigging schemes that continue to undermine value for money in government spending. He noted that public procurement accounts for approximately 60 percent of the national budget and between 10 and 13 percent of GDP.<\/p>\n

\"\"<\/a><\/p>\n

Mr. David Kibet (CAK) <\/em>
\nDirector-General\u00a0 and Principal Secretary at the National Treasury, Dr. Chris Kiptoo<\/strong> (Middle) Chairman of the Competition Authority of Kenya (CAK) Charles\u00a0 Mahinda (Right)<\/em><\/p>\n

\u201cEvery shilling lost through bid rigging is a shilling taken away from schools, hospitals, roads, and essential public services. Taxpayers deserve better value for money,\u201d he stated.<\/p>\n

The Principal Secretary announced that the National Treasury will continue supporting the Competition Authority through adequate funding and policy reforms. He disclosed that the Government has invested more than KSh 8 billion in the Authority since 2011 and remains committed to strengthening its capacity, including oversight of emerging digital markets.<\/p>\n

 <\/p>\n

He also revealed that the Treasury is supporting the development of a National Competition and Consumer Welfare Policy aimed at embedding competition principles across government institutions and aligning Kenya\u2019s framework with regional and continental obligations.<\/strong><\/p><\/blockquote>\n

Dr. Kiptoo urged stakeholders to actively participate in the upcoming public consultation process once the draft policy is released.<\/p>\n

 <\/p>\n

\u201cAs Kenya pursues its economic transformation agenda, competitive markets will remain essential for protecting consumers, empowering businesses, driving innovation, and ensuring that economic opportunities reach all citizens,\u201d he concluded.<\/strong><\/p><\/blockquote>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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