Nam Contractors Urged Not to Sell Companies

THE Minister of Finance, Saara Kuugongelwa-Amadhila, has urged Namibian contractors not to allow foreigners to buy them out of their companies with promises of huge amounts of money.

Kuugongelwa-Amadhila, who is the chairperson of leaders assigned to Oshana region, made these remarks at the first Namibia Chamber of Commerce and Industry northern branch contractors’ conference held at Ongwediva last week.

“Do not allow foreign companies to buy you out of your own companies because if you keep on with this trend, there is no way we will be able to fight the high unemployment rate in the country or reach Vision 2030,” said Kuugongelwa-Amadhila.

She also said that the new Procurement Bill that will be tabled in parliament later this year will open up immense opportunities for emerging Namibian contractors.

The one-day conference was for contractors to discuss critical issues such as the expansion of public works, job creation, transformation, empowerment and skills development in the context of the construction industry.

The Minister of Works and Transport, Erkki Nghimtina, who also spoke during the occasion, commended the quality of work that has been produced by some contractors, and urged them to pay attention to President Hifikepunye Pohamba’s call to speed up service delivery by working harder, faster and smarter.

“So my call to all of you today is to infuse honesty, integrity and pride in the way you do business and to produce good quality of work that people will be satisfied with,” said Nghimtina.

He also aised the contractors to always ensure that their workers’ safety was an absolute priority.

At the end of the conference, some of the contractors raised their concerns facing them in the industry such as the domination by the Chinese, unequal distribution of the government tenders and the ill-treatment of Namibians working by the Chinese.

Source : The Namibian