Cabinet has instructed the Ministry of Industries, Mines and Energy to prepare the Consumer Protection Bill and has also approved, in principle, the establishment of the Consumer Protection Agency.
The directive is part of the resolution taken at the last Cabinet sitting.
The Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning is probing whether the current lending practices are placing excessive pressure on workers and whether existing laws are sufficient to protect borrowers.
Namibians are taking on billions of dollars in loans just to survive, prompting Parliament to scrutinise whether existing laws adequately protect customers from exploitative lending practices.
The Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning has conducted a public hearing on household debts and lending practices in ||Kharas Region.
The public hearing was held at Keetmanshoop.
The National Assembly Parliamentary Standing Committee on Economy and Industry, Public Administration, and Planning held a public hearing on a motion looking at whether the existing laws are protecting Namibians from exploitation by lending institutions and informal money lenders.
The Minister of Industries, Mines and Energy (MIME), Modestus Amutse has dismissed claims of irregularities in the government's fuel supply arrangements for July to September 2026, saying the measures are aimed at protecting consumers from steep fuel price increases.
The Minister of Works and Transport, Veikko Nekundi, has ordered airlines operating in Namibia to review what he describes as exorbitant ticket prices.
The Minister made the remarks during Aviation Week Africa 2026, underway in Windhoek.
The Namibian Standards Institution (NSI) is reviewing its standards regulations to improve consumer protection and align with international requirements.
This follows stakeholder consultations in February, aimed at strengthening Namibia's national quality infrastructure.
Popular Democratic Movement (PDM) MP Dederick Vries is concerned that, despite SIM card holders having registered their personal information with service providers, scammers continue to exploit mobile numbers to defraud citizens of their hard-earned money.
The Chief Executive Officer (CEO) of the Namibian Standards Institution (NSI), Dr Eino Mvula, has called for strengthened standards and regulatory systems to boost Namibia's competitiveness and protect consumers.
