NAIROBI, Kenya – The Competition Authority of Kenya (CAK) has approved Del Monte Kenya Limited’s acquisition of 100% of Mananasi Fibre Limited’s (MFL) shares, affirming that the move will not negatively impact market competition.
The CAK stated that the acquisition will not hinder competition in sectors such as textile-grade pineapple fibre, compost production, and biochar manufacturing in Kenya.
The Authority highlighted that the integration of operations is expected to create more employment opportunities for both skilled and unskilled workers.
Additionally, the acquisition will introduce a new pineapple waste disposal solution, further benefiting the industry.
The decision comes after the parties involved fulfilled the requirements set out in the Competition Act, Cap 504.
MFL specializes in waste management, particularly converting pineapple plant waste into products like fibre, compost, and biochar.
Biochar is used to improve soil health and act as a carbon sink, offering an alternative to traditional fertilizers.
This approval is part of a broader effort to ensure sustainable growth and job creation within Kenya’s agricultural and manufacturing sectors.
