N$35m cap on tenders

ALL government tenders of more than N$35 million will be awarded by the Central Procurement Board, the latest procurement regulations show.

The new public procurement regulations were filed at the justice ministry by finance minister Calle Schlettwein in February this year. The new regulations come as some municipal councillors have complained that they have been disempowered since they cannot enter land deals and other contracts worth more than N$35 million without the involvement of the new procurement board. The Central Procurement Board came into existence at the beginning of April this year through the Public Procurement Act of 2015.