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The Public Procurement Board is the central body for policy formulation on procurement. The existing Public Procurement Act 2003 (Act 663) was amended by the Public Procurement (Amendment) Act 2016 (Act 914), which came into effect on 1 July 2016. [172] The Minister of State in Charge of Public Procurement is Sarah Adwoa Safo. [173]
A Tender board is a committee or institution involved in the Government procurement procedure. It formulates requirements for the intended purchase of goods or services, compiles these formulations in a tender document, and hands these documents out to interested suppliers, usually for a fee. After the closing date for bids, the tender board ...
The government of Namibia consists of the executive, the legislative and the judiciary branches. The Cabinet is the executive organ of government, implementing the laws of the country. It consists of the president, the prime minister and his deputy, as well as the ministers of the Cabinet of Namibia. The legislative organs of government are the ...
After independence, the Central Statistical Office was launched as a division of the National Planning Commission. It was later renamed the Central Bureau of Statistics. In 2011, the Namibia Statistics Agency was formalised on the basis of the Statistics Act, 20 (Act No 9 of 2011). It started operating in 2012.
Namibia Power Corporation, commonly known as NamPower, is the national electric power utility company of Namibia. The company is responsible for generation, transmission and distribution of electricity in the country. Its activities are licensed, supervised and regulated by the Electricity Control Board (ECB) of Namibia. [2][3]
Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living. [10] It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. [11] Only South Africa has a higher Gini coefficient. [12]
The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek. The Bank of Namibia was established in 1990 [2] by the Bank of Namibia Act, 1990 (Act 8 of 1990). [3] The Bank of Namibia is the only institution that is permitted ...
Politics of Namibia. The Ministry of Industrialisation and Trade (MIT) is a government ministry of Namibia, with headquarters in Windhoek. It was created at Namibian independence in 1990 as Ministry of Trade and Industry, [1] renamed Ministry of Industrialisation, Trade and SME Development in 2015, and got its current name in 2020.