Old Mutual Short-Term Insurance Company Namibia has entered into two settlement agreements with the Namibia Competition Commission and agreed to pay N$6 million after the insurer was found of having contravened the Competition Act in two separate investigations. According to Old Mutual’s acting executive for marketing Ashante Manetti, they entered into settlement agreements with NaCC, effective 10 August 2022, to resolve litigation in respect of two High Court claims instituted by the Commission against OMSIC.
