YANGO Zambia has disclosed that it has initiated an appeal to the Competition and Consumer Protection Tribunal, arguing that it does not agree with certain findings that it forced competitors out of business due to anti-competitive conduct. Yango adds that it will not increase its prices, stating that doing so could result in a decline of usage, which ultimately impacts driver income opportunities and overall activity. Recently, the Competition and Consumer Protection Commission (CCPC) fined Yango for offering cheap prices, which allegedly forced competitors out of business. Responding to a query, Saturday, Yango Country Head Kabanda Chewe stated that the company’s entry and growth in the market followed standard industry practices. “Yango Zambia confirms that it has formally initiated an...
