Namibian Competition Commission (NaCC) chief executive officer (CEO), Mihe Gaomab II, says it is important to prevent large businesses from abusing their dominant positions, forming cartels and applying prohibited practices.
Speaking at the annual stakeholder’s gala dinner and in celebration of World Competition Day, Gaomab II said, “These issues, if not approached cautiously, may result in a significant restriction of competition and cause widespread economic losses. It is worth noting that in many cases, the efficient enforcement of fair competition still constitutes a real challenge.”
From the time he was the only one operating the commission at inception, it has since become operationally strong, with a distinct corporate branding and a professionally laid-out infrastructure.
“We have made milestones in our few years of operations and we attribute that to hard work, perseverance, commitment and dedication of the team at the commission, thanks to stakeholders who engage with us daily,” he said.
He noted, in the past four years, the commission has learnt many lessons that have enabled it to be a better enforcer.
It has therefore embarked on an ambitious strategic planning exercise, defining the next four years as a new era. This will involve renewed prioritisation of enforcement; focus on advocacy and compliance in the area of research.
NaCC now positions itself with regard to strengthening the advocacy to its stakeholders and effecting competition enforcement.