Egypt And Nigeria Sign MoU On Cooperation In Antitrust Matters

On February 1 ,2023, Egypt hosted a summit of African competition authorities. With the summit Egypt sought to foster effective communication among the continent's competition regulators and encourage information exchange among them. At the occasion of this summit the Chairman of the Egyptian Competition Authority (ECA) Dr. Mahmoud Momtaz and the Executive Director of the Nigerian Federal Competition & Consumer Protection Commission (FCCPC) Mr. Babtunde Irokera, signed a memorandum of understanding providing for cooperation between the two authorities on enforcement of competition regulations.

The Egyptian-Nigerian memorandum of understanding provides for technical cooperation and information exchange among the ECA and the FCCPC. It aims to increase enforcement of competition regulations and improvement of regulatory policies in the two countries. Furthermore, the memorandum of association envisages the ECA and FCCPC to regularly discuss major issues of common