The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have signed a Memorandum of Understanding (MoU) in Windhoek, formalizing their collaboration to enhance the regulation of Namibia's telecommunications and financial sectors.
BoN, established under the Bank of Namibia Act, focuses on monetary stability, financial system soundness, and economic growth. CRAN, created under the Communications Act, regulates Namibia’s ICT, broadcasting and postal services, ensuring accessible, quality, and affordable ICT services while protecting consumer interests.
The MoU emphasizes consumer protection and the delivery of secure, efficient services. As Namibia embraces technological innovation, this partnership lays the groundwork for addressing emerging challenges and leveraging opportunities through coordinated regulatory efforts.
