An indigenisation drive by the Namibian Ports Authority (Namport) is reaping dividends, according to a statement by the organisation’s board of directors. Companies wanting to do business with the Namibian Ports Authority (Namport) must be 51% Namibian-owned. “Namport tenders now require mandatory participation of Namibian registered entities whereby at least 51% effective ownership of the tendering entity is held by Namibian nationals of which 30% must be PDN (previously disadvantaged Namibian) nationals or joint venture formats,” reads the statement. It adds that since implementation of this drive in August 2014 there has been an “exponential growth in the value of goods and services now being procured from Namibianowned companies and entities in which PDNs have direct ownership and participation.
