The ARC, in a statement released this Monday, and reporting on the vote that took place on October 31st, on the occasion of the conference of the African Competition Forum (ACF, in its English acronym), states that it has assumed the vice-presidency of that body, now chaired by the Mauritius agency.
The body that ensures compliance with laws, regulations and decisions aimed at promoting the defense of competition in Angola undertakes, during its mandate, to lead strategic initiatives that favor the strengthening of the technical capacity of competition agencies throughout Africa.
Among the actions to be developed by ARC are the promotion of training, exchange and rapprochement programs, in order to disseminate best competition defense practices and provide opportunities to establish effective and innovative collaborations for the joint management of Africa's emerging challenges in field of competition and regulation.
The Cape Verde Competition Authority assumed the secretariat of the ACF, an informal network of African national and multinational competition authorities, which aims to promote the adoption of competition principles in the implementation of economic policies at African level.
The African Competition Forum was created in Nairobi, Kenya, in 2011.