insert_link Local BANK OF NAMIBIA AND COMMUNICATIONS REGULATORY AUTHORITY OF NAMIBIA SIGN MEMORANDUM OF UNDERSTANDING TO ENHANCE REGULATORY COOPERATION The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have formalised their cooperation with the signing of a Memorandum of Understanding (MoU) in Windhoek. This MoU strengthens collaboration between the two regulators, reinforcing their commitment to the effective regulation of the telecommunication and financial sectors in Namibia. BoN, established under the Bank of Namibia Act, (No. 1 of 2020), is tasked with promoting monetary stability, […] todayDecember 6, 2024 7
insert_link Local CRAN ENHANCES TYPE APPROVAL COMPLIANCE WITH NAMRA THROUGH CAPACITY-BUILDING TRAINING 04 DECEMBER 2024 The Communications Regulatory Authority of Namibia (CRAN) recently launched a series of capacity-building training sessions with customs officials from the Namibia Revenue Agency (NamRA). This initiative, conducted under the Memorandum of Understanding (MoU) between CRAN and NamRA, seeks to deepen understanding and strengthen compliance with Type Approval Regulations for telecommunications equipment. Type Approval is a regulatory process that ensures telecommunications equipment meets Namibia’s technical and safety standards […] todayDecember 4, 2024 6
insert_link Business / Economics Bank of Namibia Issues Warning on Fraudulent Investment Schemes The Bank of Namibia has raised alarms about an increase in fraudulent investment schemes that falsely promise financial support for the nation’s development initiatives. These scams primarily target high-ranking government officials and traditional leaders, exploiting their reputations to gain credibility. The Bank has also observed that religious and traditional leaders are being approached to promote these deceptive schemes within their communities, further misleading the public. The regulator's Josefina Oskar: todayOctober 23, 2024 26
insert_link Business / Economics Auto industry faces new guidelines The Namibian Competition Commission is developing industry guidelines to address anti-competitive practices in the automotive sector. The proposed guidelines will, according to the Commission, improve market conditions by promoting fair competition, transparency, and consumer protection. The development follows an investigation launched in 2018 into the conduct of original equipment manufacturers, vehicle dealerships, and panel beaters. NaCC spokesperson Dina //Gowases. todayJuly 30, 2024 37
insert_link Lifestyle Websites deceive users by deliberately hiding the extent of data collection and sharing Within the first three seconds of opening a web page, over 80 third parties on average have accessed your information. (Shutterstock) By Raymond A. Patterson, University of Calgary; Ashkan Eshghi, Warwick Business School, University of Warwick; Hooman Hidaji, University of Calgary, and Ram Gopal, Warwick Business School, University of Warwick Websites sometimes hide how widely they share our personal information, and can go to great lengths to […] todayApril 17, 2024 33
insert_link Namibia Namfisa wants collaborative solutions for consumer complaints The Namibia Financial Services Supervisory Authority has received complaints from consumers mainly related to payment disputes, overcharged interest, non-payment of pension benefits, funeral benefit rejections, and non-payment of refunds or lapsed policies. NAMFISA spokesperson Victoria Muranda. todayDecember 20, 2023 40
insert_link Namibia Shivute encourages consumers to know their rights The Oshikoto regional council chairperson, Samuel Shivute, is encouraging people to know their rights and stop taking unaffordable debt that can result in them experiencing financial distress. Shivute said at the Oshikoto regional consumer credit bill consultations held at Omuthiya on Thursday that many people find themselves burdened by expensive loans and insurance over the years due to a lack of information on how loans and insurance work. He further […] todayDecember 8, 2023 10
insert_link Business / Economics TransUnion report reveals surge in e-commerce fraud during 2023 festive shopping season TransUnion (NYSE: TRU) released new findings today highlighting e-commerce fraud that occurred during the start of the 2023 holiday shopping season, from the Thursday before Black Friday to Cyber Monday. Based on proprietary insights from TransUnion’s global device risk consortium, the average number of suspected digital fraud attempts on any given day during that holiday period where the consumer was located in Namibia during the transaction, was 87.5% higher than the same period […] todayDecember 8, 2023 6