MIT and MWT caution public against fraudulent bid invitation


The Ministry of Industrialization and Trade (MIT) and the Ministry of Works and Transport (MWT) have cautioned the public and potential investors against a fraudulent bid invitation circulating on social media platforms.

In a joint statement recently, the ministries said the fraudulent bid invitation purportedly invites potential investors and international bidders to apply for extensive developmental projects, such as the construction of thousands of houses as well as shopping malls in Oranjemund and Lüderitz, respectively.

Namibia Investment Promotion Facilitation Bill to potentially introduce compliance officers 


The Namibia Investment Promotion and Facilitation Bill, if unchanged, will see the introduction of compliance officers to ensure that businesses operate within the confines of the laws.

Speaking at the stakeholders' engagement at Keetmanshoop, the Minister of Trade and Industrialization, Lucia Iipumbu, explained the benefits that come with the bill once it becomes law, as well as the National Consumer Policy and the Liquor Act.