EBC Financial Group strengthens its global presence with full CIMA licence, underscoring the group’s commitment to stringent global regulatory standards EBC Financial Group – CIMA Full Regulatory License EBC Financial Group has been granted full regulatory license from the Cayman Islands Monetary Authority (CIMA). HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) — EBC Financial Group...
In a decisive victory for the Communications Regulatory Authority of Namibia (CRAN), the Supreme Court has ruled in favor of the Authority, validating its power to collect regulatory levies. The ruling comes after a protracted legal battle initiated by Mobile Telecommunications Limited (MTC) against an amended provision of the Communications Act. The genesis of the...
Martin Endjala The Communication Regulatory Authority of Namibia (CRAN) has won a constitutional challenge filed by Mobile Telecommunications Limited (MTC) against the amendment of Section 23 of the Communications Act, in the Supreme Court concerning the collection of levies. After appealing the High Court judgment of 22 August 2022, the Supreme Court heard the appeal...
BACKGROUND During December 2020, Mobile Telecommunications Limited (MTC) filed a constitutional challenge against the amended Section 23 of the Communications Act, in the High Court. MTC’s application was based on the grounds that Section 23 as amended, which allows CRAN to collect regulatory levies was unconstitutional as the amended section had no limit to the...
The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (Namfisa), Kenneth Matomola, has raised concerns regarding the current regulatory framework, saying it hampers Namfisa’s ability to fulfil its mandate. During a briefing at the Government Information Centre (GIC) on Tuesday, Matomola said Namfisa is tasked with overseeing non-bank financial institutions, but outdated laws...
Issuance of licence is subject to meeting pre-operating requirements and qualifications for operational approval WadzPay’s Dubai Entity Receives VASP Licence from VARA WadzPay’s Dubai Entity Granted VASP Licence. Poised to Revolutionize Virtual Asset Transactions in Middle East. DUBAI, United Arab Emirates, Feb. 28, 2024 (GLOBE NEWSWIRE) — WPME Technology, the Dubai-based entity of WadzPay, a...
Stefanus Nashama FlyNamibia was forced to cancel all flights to and from Lüderitz Airport due to regulatory safety issues that arose at the coastal town’s airport. The airline explained that the cancelled flights were originally scheduled for yesterday, but they had to be called off due to unforeseen mechanical problems. FlyNamibia maintained that passenger safety...
The Bank of Namibia announced this week that is will assume full responsibility for handling the licensing and regulation of any and all payment service providers in Namibia. This move, based on the recent promulgation of the Payment System Management Act, relieves the Payments Association of Namibia (PAN) of any regulatory duties “The rationale for...
Auch Wasserstoff soll in Zukunft durch den jetzigen ECB reguliert werden; Quelle: Pixabay.com Der Elektrizitäts-Kontrollrat (ECB) soll in naher Zukunft zur Namibia Energy Regulatory Authority (NERA) umgewandelt werden. Die dementsprechende Schaffung des „NERA Act“ liegt derzeit bei den staatlichen Juristen, berichten Medien übereinstimmend. Hintergrund der Umwandlung ist, dass die zukünftige Arbeit weit über die Regulierung...
Foothill Ranch, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) — Global sweetness and flavor innovator Sweegen has announced that its Bestevia® Rebaudiosides M (Reb M), D, and E have received full authorization from the Taiwan FDA for use in food and beverages. This recent regulatory approval marks another milestone in Sweegen successfully opening new markets in...