ESTABLISHMENT OF CPBN
PUBLIC PROCUREMENT ACT, ACT NO 15, 2015
Section 8. There is established a juristic person to be known as the Central Procurement Board of Namibia with the principal objects
(a) to conduct the bidding process on behalf of public entities for the award of contracts for procurement or disposal of assets that exceed the threshold prescribed for public entities;
(b) to enter into contracts for procurement or disposal of assets on its own behalf or on behalf of public entities awarded by the Board as contemplated in paragraph (a); and
(c) to direct and supervise accounting officers in managing the implementation of procurement contracts awarded by the Board.
Vision: CPB envisaged to be recognised as a world renowned public procurement system.
Mission: Oversee an effective and efficient bidding process by employing high standards of transparency and accountability to achieve best value for money for all stakeholders.
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