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Reprieve for firms as COMESA favours lower merger fees

Published on March 17, 2015

Companies eyeing the regional market through mergers and acquisitions may get a reprieve as Comesa considers lowering by up to 60 per cent the fees charged to approve such deals.

Sindiso Ngwenya, secretary-general of the Common Market for Eastern and Southern Africa (Comesa), said many companies have raised concern over the Ksh 44 million ($0.5 million) notification fees and called for a review. Read more. Source | The East African