The Namibia Financial Institutions Supervisory Authority (NAMFISA) plays a pivotal role in ensuring efficient, transparent, and inclusive procurement practices in Namibia. Guided by the Public Procurement Act, Act 15 of 2015, NAMFISA prioritizes compliance, local economic empowerment, and the sustainable allocation of resources.
Understanding NAMFISA’s Procurement Mandate
NAMFISA’s procurement activities are governed by principles of fairness and accountability as stipulated under the Public Procurement Act. The Procurement Management Unit oversees these processes, ensuring that the authority adheres to regulations, ethical practices, and best-value procurement strategies. Specific policies also prioritize local sourcing, promoting small, medium enterprises (SMEs) and businesses owned by youth, women, and previously disadvantaged individuals (PDI)
How to Become a Supplier for NAMFISA
Businesses aiming to supply goods or services to NAMFISA must meet specific eligibility criteria and provide mandatory documentation. Key requirements include:
- Company Registration: Proof from the Ministry of Industrialization, Trade, and SME Development or BIPA.
- Tax Compliance: Valid certificates of VAT and income tax good standing.
- Social Security Compliance: Good standing certificate from the Social Security Commission.
- Affirmative Action Compliance: Certificates under Namibia’s Affirmative Action Act.
- Business Profile: An overview of the company’s operations and capabilities.
Additionally, suppliers must specify their offerings, which can include office supplies, IT equipment, professional services, and more
NAMFISA’s Annual Procurement Plan
The Annual Procurement Plan (APP) outlines NAMFISA’s procurement needs for each fiscal year. For 2023/24, the planned procurements include:
- Promotional items (N$305,000)
- IT software licenses (N$2,089,312)
- Professional services (N$268,598)
- Consumer education initiatives (N$915,000)
With a total estimated budget exceeding N$304 million, opportunities span various sectors, offering numerous possibilities for local and regional suppliers
Key Highlights for Bidders
- Transparent Bidding: NAMFISA ensures that bid invitations contain clear requirements and publishes additional clarifications on their website.
- Competitive Selection: Contracts are awarded based on detailed evaluation criteria beyond just pricing, ensuring quality and fairness.
- Dispute Resolution: Bidders dissatisfied with the process can request a review under the provisions of the Public Procurement ActNamibia Fin. Institutions AuthorityNamibia Fin. Institutions Authority.
Benefits of Partnering with NAMFISA
Engaging with NAMFISA as a supplier can bolster business visibility, offer financial growth opportunities, and contribute to Namibia’s broader socio-economic development. By aligning with NAMFISA’s procurement practices, businesses can also demonstrate their commitment to ethical and sustainable operations.
Need Information or Confused about Something ?
Ask a QuestionDid You Know : Top 15 Free Online Learning Platforms
-
Free Online Education Degrees : Coursera:
Coursera partners with universities and organizations worldwide to offer a wide range of courses. While many courses are free, a fee is often required for certification.
-
Free Online Education Degrees: edX:
Founded by MIT and Harvard, edX offers high-quality courses from top universities and institutions around the world. Certificates are available for a fee.
-
Free Online Education Degrees : Khan Academy:
Khan Academy provides free educational content in various subjects, especially mathematics and science, using instructional videos and practice exercises.
-
Free Online Education Degrees : Udacity:
Udacity focuses on tech-related courses and nanodegree programs, offering free content as well as more in-depth paid programs.
-
Free Online Education Degrees : MIT OpenCourseWare (OCW):
MIT OCW provides a vast array of MIT's course content for free, covering a wide range of disciplines.
-
Free Online Education Degrees : Harvard Extension School:
Harvard Extension School offers a selection of free online courses. While some courses are free, others may require payment for a certificate.
-
Free Online Education Degrees: Stanford Online:
Stanford Online offers a variety of free courses in different disciplines, including computer science, engineering, and business.
-
Best Free Online Courses : Carnegie Mellon Open Learning Initiative (OLI):
OLI offers free online courses and resources designed to improve learning outcomes through research-based methodologies.
-
Best Free Online Courses : FutureLearn:
FutureLearn partners with universities and institutions to offer a diverse range of free online courses. Certificates are available for a fee.
-
Best Free Online Courses: Alison:
Alison offers a wide range of free online courses, including diploma and certificate programs, covering various subjects.
-
Best Free Online Courses: Open Yale Courses:
Yale University provides free access to a selection of introductory courses through Open Yale Courses.
-
Best Free Online Courses : UC Berkeley Online:
UC Berkeley offers free online courses on a variety of subjects, ranging from computer science to humanities.
-
Best Free Online Courses : Google Digital Garage:
Google Digital Garage provides free courses on digital skills, including online marketing, data analysis, and more.
-
Best Free Online Courses : Codecademy:
Codecademy offers free coding courses, interactive exercises, and coding projects to help individuals learn programming languages.
-
Best Free Online Courses : LinkedIn Learning (formerly Lynda.com):
LinkedIn Learning provides a variety of video courses on professional development, technology, and creative skills. It offers a free trial period.