Namibia: Share Million-Dollar Tenders Among SMEs - Katjimune

26 June 2024
The Namibian (Windhoek)

Lawmaker Maximalliant Katjimune wants the parliament to reconsider the procurement awarding system to share million-dollar tenders among more than one small or medium enterprise (SME).

Katjimune on Wednesday tabled a motion to the parliamentary standing committee on economics and public administration to investigate the challenges of SME financing in Namibia.

The standing committee on Wednesday held a public hearing to investigate the matter, with Katjimune addressing his fellow lawmakers.

He said more than 70% of SMEs fail "almost immediately after they started".

The Central Procurement Board of Namibia, along with Namibia Economic Freedom Fighter Michael Amushelelo, are expected to address the committee.

Read the original article on Namibian.

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