By: Nghiinomenwa-vali Hangala
A competition assessment report done for the country’s competition watchdog has found more than 10 laws enhancing compliance burden asymmetry in the Namibian economy.
The results of the report were presented to stakeholders last week in Windhoek.
The consultants’ findings have revealed that the high costs of compliance in the country favour large incumbent enterprises over small and medium-sized enterprises (SMEs). Furthermore, they found that compliance costs and burdens also deter new entrants to the market, as a result reducing innovation.
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