By Business Reporter
THE Communications Regulatory Authority of Namibia (CRAN) recently hosted its Stakeholder Engagement Initiative on Regulatory Frameworks at the Protea Hotel, Thuringerhof in Windhoek.
This initiative was a first of its kind for CRAN, and was necessitated by the need to engage stakeholders on the processes of formulating regulatory interventions, as well as the implementation, monitoring and compliance thereof, given that this rule-making process has an impact on the business operations of licensed entities and other key stakeholders.
“CRAN is cognisant of the fact that the presence of a stable and credible regulatory environment is pivotal, not only from an investment perspective, but also for the efficient and effective operation of licensed entities, and for the ultimate benefit of the consumer,” said Frieda Kishi, the Chairperson of the CRAN Board of Directors.
Speaking at the same occasion, CRAN Chief Executive Officer, Festus Mbandeka, said that “the stakeholder’s engagement initiative provides stakeholders with an overview of the proposed regulatory interventions that CRAN intends to rollout in the next six to 24 months”.
It was also held for CRAN to understand stakeholder concerns, values and interests, while “collaboratively” developing solutions, Mbandeka said.
He added that CRAN is classified as a third generation regulator, based on its actions taken and regulatory framework put into place, which enabled investment, innovation and access, through a dual focus on stimulating competition in services and content delivery, and consumer protection.
The event highlighted the key milestones achieved by CRAN over the past six years, its internal regulatory processes, as well as its priorities and challenges, in order for stakeholders to have a better understanding of how decisions are made by the regulator and how these decisions improve and enhance stakeholder relationships.
“This meeting aimed to also address policy and legislative gaps within the regulatory framework, which require CRAN’s intervention, but also necessitate the input of stakeholders, to avoid confusion and frustration about how they can access and influence the decision-making process”, Kishi added.
It is CRAN’s intention to have similar engagements on a regular basis in order to forge a closer relationship between CRAN and its stakeholders
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