Central Procurement Board of Namibia

𝐇𝐨𝐧𝐨𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐂𝐡𝐢𝐥𝐝.

𝐂𝐏𝐁𝐍 𝐄𝐧𝐠𝐚𝐠𝐞𝐬 Nedbank 𝐚𝐬 𝐏𝐚𝐫𝐭 𝐨𝐟 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐬.

𝐂𝐏𝐁𝐍 𝐄𝐧𝐠𝐚𝐠𝐞𝐬 𝐑𝐨𝐚𝐝𝐬 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 𝐭𝐨 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧.

𝐂𝐏𝐁𝐍 𝐞𝐦𝐛𝐚𝐫𝐤𝐬 𝐮𝐩𝐨𝐧 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐞𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐜𝐭𝐨𝐫 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐛𝐢𝐝𝐝𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬.

𝐉𝐨𝐢𝐧 𝐮𝐬 𝐢𝐧 𝐰𝐢𝐬𝐡𝐢𝐧𝐠 𝐨𝐮𝐫 𝐞𝐬𝐭𝐞𝐞𝐦𝐞𝐝 𝐁𝐨𝐚𝐫𝐝 𝐌𝐞𝐦𝐛𝐞𝐫, 𝐌𝐫. 𝐀𝐛𝐫𝐢𝐞 𝐂𝐨𝐥𝐥𝐚𝐫𝐝, 𝐚 𝐯𝐞𝐫𝐲 𝐡𝐚𝐩𝐩𝐲 𝐛𝐢𝐫𝐭𝐡𝐝𝐚𝐲.

𝐂𝐏𝐁𝐍 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐬 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐬.

As part of its commitment to improving public procurement service delivery and enhancing the timely implementation of procurement projects, the CPBN has embarked on a series of stakeholder engagements with financial institutions to better understand the procedures, requirements, and the administration processes involved for successful bidders to obtain performance guarantees.

In terms of Section 55(6) of the Public Procurement Act No. 15 of 2015 (as amended), successful bidders are required to provide performance guarantee before procurement contracts can be signed. These guarantees play a critical role in mitigating risks associated with non-performance and safeguarding public resources.

Today, CPBN management, led by Chief Executive Officer Mr. Idi Itope, engaged with FNB Namibia. The CPBN delegation was received by Mr. Leonard Hamunyela, Head of Enterprise Banking, and Ms. Priscilla Akudhenga, Manager: Public Sector.

The engagement provided valuable insights into FNB’s performance guarantee offerings, including application requirements, credit assessment considerations, and factors that contribute to successful acquisitions of performance guarantees. The discussions also explored opportunities for collaboration between the two institutions to facilitate smoother access to performance guarantee instruments for successful bidders.

CPBN will continue engaging with other financial institutions that provide performance guarantees. These consultations are aimed at identifying practical solutions to challenges that may delay the issuance of performance guarantees, as such delays can negatively affect the implementation of critical public procurement projects and ultimately impact national development objectives.

📢 𝐏𝐮𝐛𝐥𝐢𝐜 𝐍𝐨𝐭𝐢𝐜𝐞

Dear Stakeholders, please take note.

⏳ 𝐎𝐧𝐥𝐲 𝐀 𝐅𝐞𝐰 𝐃𝐚𝐲𝐬 𝐋𝐞𝐟𝐭!

The deadline to apply for appointment to the Bid Evaluation Committee is fast approaching.

📥 Eligible candidates are encouraged to submit their applications before the closing date.

𝐁𝐢𝐝𝐝𝐢𝐧𝐠 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬!

🕯️𝐇𝐨𝐧𝐨𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐯𝐞𝐬 𝐥𝐨𝐬𝐭, 𝐫𝐞𝐦𝐞𝐦𝐛𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐥𝐞𝐠𝐚𝐜𝐲.