Comesa Competition Commission's rapid evolution

Author: Ashley Lee | Published: 24 Mar 2015

The Comesa Competition Commission’s head of M&A, Willard Mwemba, discusses how the body’s merger review process has evolved since January 2013

The Common Market for Eastern and Southern Africa (Comesa) Competition Commission (CCC) began operations in January 2013. Its establishment was just in time: interest in dealmaking in Africa has soared. After only two years of operation, the CCC has witnessed a dramatic increase in the transactions it has reviewed.

Like any new regulator, the CCC has had some teething problems. It has, however, worked to answer questions and clarify its position on various issues. In October 2014 it released its Merger Assessment Guidelines to narrow its zero-threshold requirement, as well as require a more obvious regional nexus for transaction review. And more guidance is expected shortly.

Willard Mwemba, the CCC's head of M&A, spoke with IFLR about some of CCC's recent changes to its merger control...