Youth and SMEs favored in new procurement code

Tujoromajo Kasuto The Ministry of Finance and Public Enterprise today launched the Code of Good Practice on Preferences, referred to in Sections 71 and 72 of the Public Procurement Act, with the goal of facilitating easier market access for youth, women, small and medium enterprises , and manufacturers, as well as granting national preference to Namibian suppliers. The Code of Good Practice, according to Minister of Finance and Public Enterprise Ipumbu Shiimi, aims to achieve granting exclusive preferences to local suppliers as defined in the recently amended Public Procurement Act through the reservation of certain procurement of goods, works, and…