Foreigners excluded from tenders

Foreign companies vying for public tenders in Namibia will have to cede 51% ownership to locals, the Minister of Finance has said.
According to finance minister Saara Kuugongelwa- Amadhila, the new Public Procurement Bill, which seeks to repeal the Tender Board Act of 1996, will make it mandatory for foreign companies participating in the local tender process to have a minimum of 51% Namibian ownership.
She said: “We have said that there should be a minimum of 51% Namibian ownership and at least 30% [ownership] by previously disadvantaged persons. Where this is not possible, the evidence has to be granted. In terms of sourcing, if the materials are not available locally, evidence has to be presented in the form of a certificate from the office that administers that sector. For example, if it is food and there is no Mahangu in Namibia, you have to get a certificate either from the Agronomic Board or from the Minister of Agriculture that says yes, indeed there is a shortage and this person can import.”
The minister, however, said exemptions will be given to foreign firms tendering for a “complicated project” in which locals may not be able to raise the capital required to get ownership.