insert_link Business / Economics 12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies” Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […] todayJune 12, 2024 16
insert_link Namibia Competition Commission Imposes Fine on Bank of Namibia Governor and Others for Unapproved Merger The Namibian Competition Commission has fined Bank of Namibia Governor Johannes !Gawaxab, Ismael Gei-Khoibeb, and Gamma Investments CC for executing a merger without the necessary approval from the watchdog. According to NaCC's statement, !Gawaxab sold his stake in Gamma to Gei-Khoibeb on June 10, 2020, violating the Competition Act. Corporate Communications Practitioner at NaCC, Dina //Gowases. todayMay 10, 2024 61
insert_link Namibia Namibian Competition Commission Imposes Over N$13 Million Fines on Collusive Insurance Companies The Namibian Competition Commission has fined insurance companies N$13.1 million for collusive practices. The first investigation revealed collusion in setting fixed prices for panel beating services, while the second uncovered restrictive agreements with windscreen retailers. This information comes from Dina //Gowases, Corporate Communications Practitioner at the NaCC. todayMay 7, 2024 50
insert_link Business / Economics Competition Commission has initiated an investigation into the fishing sector after allegations of price fixing The Namibian Competition Commission has initiated an investigation into the fishing sector after allegations of price fixing related to quota usage fees surfaced. The competition watchdog said it received information, on 18 August and 22 September 2023, alleging possible collusion amongst various vessel owners and operators in the country’s fishing industry. NaCC spokesperson Dina //Gowases. todayNovember 21, 2023 30
