Namibian Competition Commission held its sixth annual competition

The Namibian Competition Commission (NCC) held its sixth annual competition week conference under the theme 'The Role of Competition Law in the Acceleration of Economic Growth and Development', here Thursday.

Officiating at the one-day event, Deputy Minister in the Office of the Prime Minister Samuel Ankama explained that competition law give rise to far-reaching benefits for the economic development of a nation, as well as for the individual consumers of the nation in question.

'This is especially so in the case of developing countries such as ours, whose markets are often concentrated and characterised by high barriers to entry,' he said.

He added that the law is important as it provides a level playing field for all players, big and small, where companies compete based on the quality of their goods and services and not by colluding, bullying or coercing.

Source: Namibia Press Agency