Friday, Oct 31st

Last updateFri, 31 Oct 2014 8am

You are here: Home More... Speak Your Mind Why TIPEEG makes sense

Why TIPEEG makes sense

David Nuyoma, CEO of the Development Bank of Namibia, discusses opportunities for entrepreneurship through public tenders.
Public procurement and the tendering process has jump-started many economies, and the same can be true for TIPEEG if entrepreneurs use the opportunities in a responsible manner.
In the course of 2011, public tenders became a matter of heated discussion in the public domain. These discussions centred on the shortcomings associated with the processes and other aspects related to the provision of services through public tender.
The debate also relates to the expectations of government policy through the Targeted Intervention Programme for Employment and Economic Growth (TIPEEG).
It is my view that it is time to look at this policy pronouncement as an opportunity to develop our country, and to provide much-needed infrastructure especially in poorly developed areas. We should also look at it as an opportunity for participation by those who wish to become entrepreneurs and meaningfully participate in the construction and development of our country.
TIPEEG is an opportunity that we should embrace responsibly and in an accountable manner. Countless countries that have taken advantage of public procurement systems were able to develop domestic industries, to supply goods and services and develop the necessary infrastructure for basic services such as schools, health facilities, roads and other public amenities as a result.
Market access is a key requirement for a successful business. Though it may sound basic, it is something that should not be taken for granted. Quite often, in fact, those in business have found it to be one of the most elusive elements.
The public procurement system provides a ready market, but for the system to work, those who participate in it should recognise that it requires responsibility and accountability.
Obtaining a public tender or contract should not be taken lightly. It should be seen as a privilege, as what is at stake is meeting the demand, and bridging shortfalls and backlogs, in the provision of goods and services, as well as developing infrastructure for society. So the aspects of quality and timely delivery are essential elements of public procurement.
The implication of taking short cuts - on quality and delivery - is delayed progress. This places a burden on society as people end up waiting and paying more for basic services. Imagine the damaging effect shoddy work and resultant delays have on communities in outlying areas in need of a clinic, for example. The same goes for the construction of roads and schools.
Getting a chance to participate in the public procurement process should never be viewed as an opportunity to get rich quickly, but rather as an opportunity to contribute meaningfully to societal development.
Naturally, there is benefit for the entrepreneur. With participation in public tenders, comes the opportunity to build up an asset base which is particularly important for emerging entrepreneurs. It is an opportunity to create wealth in a sustainable and meaningful way.
The profits derived from this opportunity should be applied wisely and reinvested in expansion and should help embed businesses that otherwise would have difficulty finding markets and that may end up having very short life spans.

Articles In This Category
Speak your mind
In light of recent concerns raised by the Namibian Consumer Trust, The Namibian Organic Association (NOA) urges the introduction of mandatory and...
Speak your mind
Phineas struggles to contain his disappointment as the rains continue to pour down with no end in sight. He strategically places his last bucket...
Speak your mind
Dear Sir, The Rally for Democracy and Progress Youth League condemns the concealed political interference into the neighbouring countries’ internal...
Speak your mind
Dear Editor I just read your jaw-dropping article titled “GIPF sweetener, very sweet”. You would have to question whether the investment was...
Speak your mind
I know that everyone must be sick and tired of hearing and reading about the NAMAs by now, but I just have to put my two cents worth in about the...
Speak your mind
As we gear up for the 24th independence celebrations, I am sure most people will agree with me that our young nation has notably tackled or is in the...
Speak your mind
Ref: Article “Pauper to Owner” written by Yvonne Amukwaya Dear Sirs With reference to the above article dated 30th November 2012 posted on the...
Speak your mind
Honesty is by far the most necessary factor needed to build successful and long-lasting relationships. However the question to how honest one should...
Speak your mind
A Eurobarometer survey published this week at the European Development Days on global cooperation and development, shows that 66% of European Union...
Speak your mind
The Facebook page “Namibian Seal Conservation” which was started by Oswald Rall Theart from Kasote, Rundu. Theart and his supporters are also...
Related Articles
Columns
The public conduct of our local artists has come under scrutiny recently amidst reports of physical violence. Hip-Hop artist and Artist of the Year,...
Sport
Paddy Murphy retained his title as overall winner of the ultra FNB Desert Triathlon, showing again why he is a world class athlete. He completed the...
Columns
Background In the previous article I discussed the definition of innovation and compared it to other terms like “invention” and “creativity”....
Columns
This week my heart bled for yet another family that has to bury their young daughter after she was brutally raped and killed and left in a veld near...
Columns
Namibian marketing managers seem to stay away from social media as they are afraid people will say bad things about them. But is pretending social...
Latest Articles
Headlines
Three farmers from the North excelled this week Thursday at a Horticultural Day organised by the Namibian Agronomic Board to award the best farmers...
Headlines
After Trustco released its interim trading statement for the six months ended 30 September 2014 on Wednesday this week, Trustco shareholders will in...
Headlines
The Namibia Logistics Association Secretary General, Harald Schmidt said that the country is fast approaching a point where new road surfaces will...
Editors Desk
The runaway cost of land and housing is defeating all the growth and progress made over the past five years. Two significant events over the past...
31 Oct 2014 (7 hits)
Weather
What Happened? Conditions this week were fairly conventional for this transitional period between the seasons. At the beginning of the week, the...