- Category: Broadcast News
- Published on Thursday, 20 April 2017 13:07
The Namibia Chamber of Commerce and Industry has appealed to the new Central Procurement Board to fast-track the implementation of the new procurement legislation to avoid local business stagnating.
The Namibia press agency reports that NCCI Chief Executive Officer Tarah Shaanika said his organisation has learnt that most Government institutions, including State-owned enterprises and local authorities, are now required to procure through the Central Procurement Board which replaced the Government Tender Board and various procurement authorities within State institutions as of 01 April 2017. This has resulted in most major projects earmarked to be executed by various State institutions being put on hold to allow the new procurement law and its regulations to kick in. Shaanika is concerned that the process of implementing the new legislation, including putting in place the required administrative machinery, will delay a number of projects which in turn will result in business activities coming to a standstill.