City tycoon Humphrey Kariuki denied whisky import licence

The competition watchdog has scuttled tycoon Humphrey Kariuki’s bid to exclusively import and distribute 214 premium wine and spirit brands including Bacardi-Martini labels. Competition Authority of Kenya (CAK) said the move would have seen the billionaire’s company, WOW Beverages, amass a lot of market power and lock out rivals at the expense of customers. TheMore

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