Lawmaker Maximalliant Katjimune wants the parliament to reconsider the procurement awarding system to share million-dollar tenders among more than one small or medium enterprise (SME).
Katjimune on Wednesday tabled a motion to the parliamentary standing committee on economics and public administration to investigate the challenges of SME financing in Namibia.
The standing committee on Wednesday held a public hearing to investigate the matter, with Katjimune addressing his fellow lawmakers.
He said more than 70% of SMEs fail “almost immediately after they started”.
The Central Procurement Board of Namibia, along with Namibia Economic Freedom Fighter Michael Amushelelo, are expected to address the committee.
