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National Coordination Mechanism on Decent Work introduced in fishing sector
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National Coordination Mechanism on Decent Work introduced in fishing sector

Namibia has introduced the National Coordination Mechanism on Decent Work in the fisheries sector. The mechanism is a body that will ensure that there is social and labour compliance in the fishing industry. Namibia ratified the International Labour Organisation’s Work in Fishing Convention 188, which requires member states to set up a coordination mechanism to...

Recently introduced Acts prioritise the stability of the financial system – Central bank
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Recently introduced Acts prioritise the stability of the financial system – Central bank

The central bank is prioritising financial system stability while promoting financial inclusivity and transformation in Namibia through the recently introduced Acts. Namibia has modernized its banking sector with the Banking Institutions Act, 2023 (Act 13 of 2023) and the Payment System Management Act, 2023 (Act no. 14 of 2023), resulting in more efficient services. These...

Close Corporation Amendment Bill introduced by Trade Minister
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Close Corporation Amendment Bill introduced by Trade Minister

The Minister of Industrialization and Trade (MIT) Hon Lucia Iipumbu recently introduced the Close Corporation Amendment Bill in parliament to modify the Close Corporation Act No. 26 of 1988 as an alternative to avoid Namibia from being graylisted. It comes after Namibia recently undertook its second peer-review evaluation by the Eastern and Southern African Anti-Money...