NaCC handled 221 mergers since 2009

24 Jul 2013 11:20
WINDHOEK, 24 JUL (NAMPA) - The Namibian Competition Commission (NaCC) has since its inception in 2009 handled 221 mergers and acquisitions, as well as 30 cases on the enforcement of restrictive business practices through Namibian capacity.
The NaCC was established to promote a culture of fair competition, which allows all players in the market arena to have a fair chance of establishing businesses and growing their businesses, and in so doing, contributing to the overall economic development of the country.
Speaking during a media briefing aimed at sharing developments concerning the work of the Commission here on Wednesday, its Chief Executive Officer Heinrich Mihe Gaomab II said the Commission is proud to state that all the cases were successfully undertaken, investigated and concluded.
“The Commission is proud to indicate that it has developed the requisite skills in the competition policy and law in the country.
When we started off in 2009, there was a dearth or complete lack of competition skills in Namibia. But now, I can attest that we have developed our own Namibians, and that they are administering and implementing the Competition Act,' he said.
The NaCC CEO noted they have no long-term foreign consultants attached or employed currently at the Commission.
According to Gaomab, the Commission undertakes staff appointments and promotions in line with good corporate governance, principles and its approved Human Resource Policy.
He added that the Commission emphasised transparent, fair and balanced recruitment and selection policy for all staff employees to better align the right job, in order for the Commission to carry out its mandate effectively and efficiently.
“The Commission views capacity-building an integral part of its operation and therefore continuously engages staff members in training programmes undertaken locally, regionally and internationally to enhance their competition law skills in order to effectively and efficiently carry out their duties,” he said.
In efforts to promote the Commission, it also engages in technical capacity-building programmes in the form of attachments of its staff to other sister commissions.
Among other activities, the NaCC has the responsibility to negotiate agreements with any regulatory authority with whom it exercises concurrent jurisdiction over competition matters, in order to ensure the consistent application of the principles of Section 67 of the Competition Act.
It also entered into a Memorandum of Understanding with the Electricity Control Board, Namibia Ports Authority (Namport), Bank of Namibia, and the Anti-Corruption Commission (ACC).
The NaCC is in the process of exploring cooperation agreements with the Namibia Financial Services Institution (Namfisa), Tender Board of Namibia, and the Competition Commission of South Africa (CCSA).
In its attempt to ensure domestic trade competitiveness and effective internal market regulation, the Commission also works hand in hand with the Ministry of Trade and Industry.
(NAMPA)
KN/ND/