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Tenders

In conformity with its policy of transparency, fairness and good governance, when acquiring goods and services, the Bank of Namibia always endeavours to acquire the right product from the right supplier at the right price.

In achieving this, the Bank has a standing five (5) Members Tender Committee and its Procurement Policy requires the acquiring authorities to:

  • choose between quotations obtained from at least three (3) likely suppliers of the required goods or services whose value exceeds N$1,000 but is less than N$50,000; and to
  • invite open tenders for the supply of goods and services whose value is N$50,000 or more.

The Tender Policy also requires the Tender Committee to obtain the Governor's approval for all its decisions whose value exceed N$1 million and, in some instances, it provides for a slightly different criteria for tenders submitted by previously disadvantaged Namibians.

In view of the above, all tenders are publicly advertised and tender documents are made available at the Bank premises at a minimal fee to any one who wish to participate.

The Bank treats all tenders received as confidential and tenders are opened in public immediately after the closing time. The Secretary of the Tender Committee notifies successful and unsuccessful tenderers in writing in good time after the opening of the tenders.

Listed below are tenders currently being advertised:

Inquiries regarding tenders should be addressed to:

The Secretary
Tender Committee
71 Robert Mugabe Avenue
Windhoek

Rates
Bank Rate  10.50%
Prime Rate  15.25%
NCPI  10.30%

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N$/GBP  14.5071
N$/EUR  11.5117
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