An arrest warrant has been issued for Zimbabwean businessman Cosmas Mukaratirwa, the father of the five-year-old whose company initially won a N$1,3 billion medical tender, after he failed to appear in the Windhoek Magistrate’s Court yesterday on another matter. Mukatarirwa was due in court after he was summoned in a criminal case for supplying unregistered...
The minister of finance and public enterprises, Ipumbu Shiimi, has told parliament that the question of whether minors should be allowed to be shareholders in companies is a matter to be addressed by the Business and Intellectual Property Authority (Bipa) and not the Central Procurement Board of Namibia (CPBN). He was responding to questions about...
In an urgent application, businessman Shapwa Kanyama has challenged the decision of the Ministry of Finance and Public Enterprises’ review panel to award a N$1,3-billion pharmaceutical supply contract to Cospharm Investments, who has a five-year-old as a 51% shareholder. The application was submitted to the High Court on Friday. Cospharm is 51% owned by a...
The deputy minister of finance and public enterprises, Maureen Hinda-Mbuende, has questioned the awarding of a N$1,3 billion tender to a company that has a five-year-old as a majority shareholder. The pharmaceutical medical supply tender was recently awarded to Cospharm Investment (PTY), a company with 51% ownership held by the child. Cosmas Mukaratirwa, the father,...