Monopoly firms making Kenya unattractive, blocking investors

An illustration of business monopoly. [Getty Images]

Away from the cocktail of high and unpredictable tax regimes, regulatory hurdles and poor infrastructure blamed for making Kenya bad for business, a few private sector players have had a hand in making the country uncompetitive and unattractive to more investors.

Analysts say that some companies have grown too big and in turn abused their dominance by preventing entry of new players in their respective sectors. The consumer pays the ultimate price as in the absence of formidable competition, the dominant players can "charge what they want".