Majid Al Futtaim was surprised by the recent decision made by the Competition Authority in Kenya,which comes despite the withdrawal of complaint and renewed partnership agreements that have been signed with Woodlands Company Limited and Pwani Oils Limited.
Majid Al Futtaim has full confidence in the fairness and integrity of our business practices and is appealing the Competition Authority’s decision.
Carrefour in Kenya, exclusively operated by Majid Al Futtaim maintains a strong network of over 700 supplier partners, 300 of which have been valued partners since we began operations in Kenya in 2016.
We take pride in working collaboratively with all our suppliers to create a more sustainable and equitable business environment through ongoing engagement and transparent communication.
As a leading regional retailer,Majid Al Futtaim is committed to upholding the highest standards of global best practice, including antitrust and competition laws to encourage fair competition in all aspects of its businesses.
This includes protecting the purchasing power of Kenyan citizens by offering trusted costmindful, locally-sourced, high-quality products; creating more than 7,000 direct and indirect jobs and career opportunities for Kenyan talent; and broadening trade prospects for supplier partners to export their products across Majid Al Futtaim’s regional network of operations.
We will continue working to the benefit our customers,partners and stakeholders to ensure meaningful contribution to Kenya’s development agenda in creating a globally competitive and prosperous nation through sustainable business operations and our long-term social support and initiatives in education,health, social inclusion, and poverty eradication.