Nairobi — The COMESA Competition and Consumer Commission (CCCC) has cautioned businesses across member states against price gouging and anti-competitive practices amid global supply disruptions linked to the Middle East crisis.

CCCC Chief Executive Officer Willard Mwemba said the conflict is already triggering ripple effects, including crude oil price shocks and rising logistics costs that could drive inflation across the region.

"Nevertheless, CCCC unequivocally cautions all businesses operating in the COMESA region that these circumstances do not justify any form of anticompetitive conduct or unfair trade practices," he said.

"We wish to warn undertakings... that we shall unapologetically... enforce competition and consumer laws to ensure that the durability and confidence in markets is not eroded."

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The Commission warned that supply bottlenecks and commodity shortages could push up prices, with oil volatility expected to raise fertilizer costs and fuel food inflation, potentially worsening poverty levels.

It raised concern that some firms may exploit the crisis through excessive pricing, collusion, hoarding and price gouging, warning that such practices will attract regulatory action.

CCCC said it will intensify monitoring and enforcement, urging businesses and consumers to report suspected violations.

At the same time, the regulator noted that certain business arrangements may be allowed under exceptional circumstances if they serve the public interest, subject to approval under COMESA competition rules.

The Commission reaffirmed its commitment to safeguarding market integrity as the region navigates global economic uncertainty.