18 November | Nick Martindale
The Namibian government is
finalising amendments to the Tender Board Act of 1996 to make government
contracts more accessible for small and medium-sized businesses (SMEs) and
Enssle, secretary of the Namibian tender board, told SM the Ministry of Finance had been given approval to incorporate
the changes in a new draft, which will then be submitted to the cabinet for
approval ahead of reaching parliament.
said: “The amendments will endeavour to address local enterprise development
[and encourage] gender, youth, SME and black economic empowered participation
by categorising and setting aside tenders, enforcing local sourcing of goods
and services, and making Namibian ownership a requirement to be eligible to
suppliers play a very important role in the sustainability of any country’s
economy and should be encouraged.”
added that the proposed changes would help to achieve the objectives of Vision
2030. This plan was announced in 2004 to transform the country’s political and
economic structure and reduce levels of poverty and inequality, including a
commitment to reduce unemployment from 35 per cent to five per cent.
said she expected the changes would be ratified and become law by early 2011.