(3 Minutes Read)
He also emphasized the importance of fostering a regulatory environment that enables businesses to operate efficiently while maintaining necessary safeguards for the purpose of consumer protection.
The Bank of Namibia (BoN) Governor Johannes Gawaxab has cautioned against excessive regulation, warning that stringent policies could hinder economic growth and drive businesses into the informal sector. He stressed the need for a regulatory framework that fosters business efficiency and investment while ensuring consumer protection.
The Governor highlighted the risks of excessive regulation, citing its potential to stifle innovation, discourage investment, and push businesses into the informal economy. He also emphasised the importance of fostering a regulatory environment that enables businesses to operate efficiently while maintaining necessary safeguards for the purpose of consumer protection.
Read Also:
https://trendsnafrica.com/namibia-and-russia-forge-path-for-enhanced-bilateral-relations/
This comes as the central bank convened a Regulators Roundtable Engagement on “Smart Regulation for a Dynamic and New Economy” on Thursday, 3 April 2025. The high-level gathering brought together key regulatory bodies, industry leaders, and policymakers to explore a regulatory approach that balances economic growth, innovation, and consumer protection.
