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8 ADVERT Thursday, April

8 ADVERT Thursday, April 20 2017 | NEW ERA 2017 ICT MINISTER’S GOLF DAY Thursday, 27th and Friday, 28th April 2017 at the Rossmund Golf Course in Swakopmund. All are invited to join Minister Tjekero Tweya at the 2017 ICT Minister’s Golf Day. Contact Cassius Moetie at 085-272-1518. Let’s golf for ICT development! Proudly sponsored by: Ministry of Information and Communication Technology

NEW ERA | Casual dressing executive plans to shake up insurance industry Page 10 SSA economy to grow 2.6 percent this year – IMF Page 11 INSIDE BUSINESS This news is your business Business appeals for fast tracking procurement law implementation Staff Reporter Windhoek The NCCI is appealing to the government, particularly the newly appointed Central Procurement Board, to fast-track the process of implementing the new procurement legislation to avoid stagnation of business activities in the economy. “We have learnt that most government institutions, including state-owned enterprises and local authorities, are now required to procure through the Central Procurement Board which replaced the Government Tender Board and Staff Reporter Windhoek Petrus Uushona’s life changed overnight last Wednesday, going from being the guy next door to an instant millionaire through Standard Bank’s Million Dollar Mania campaign. Uushona, who was part of the top three contestants, emerged victorious during a random draw which was aired live on NBC TV last week. The competition was a response to the overwhelming support for the Buy-a-Brick campaign from the public, through which the bank raised funds for the Shack Dwellers Federation to aid with the housing shortage in the country. Standard Bank’s head of legal and governance and acting head of marketing, Sigrid Tjijorokisa, said the Standard Bank Buy-a-Brick project was launched during 2015. She explained that it is a partnership various procurement authorities within state institutions as of April 1, 2017. This has resulted in most, if not all, major projects earmarked to be executed by various state institutions, including state-owned enterprises, to be put on hold to allow the new procurement law and its regulations to kick in,” said NCCI CEO Tarah Shaanika. He added that the NCCI is concerned that the process of implementing this legislation, including putting in place the required administrative machineries, will delay a number of projects which in turn will result in business activities stagnation. with the Shack Dwellers Federation through which the bank intends not only to raise awareness about the living conditions of no-income and low-income households, but through which it also mobilizes members of the private and corporate sectors to raise funding to build homes for people living in shacks in informal settlements. The 2015 campaign raised approximately N.4 million, which has been used to construct 40 houses in Rehoboth. “This year we have significantly increased this amount through your most generous contribution. We deemed it appropriate to now give back through the Buy-a-Brick millionaire competition. Through this competition we aim to transform lives. We would like to thank the public for their overwhelming support and participation in the first of its kind competition. Each one of you has directly supported a fellow “Unfortunately this process is taking place at a time when the government’s fiscal consolidation efforts resulted in the cancellation and suspension of some projects as well as delayed payment to service providers by the state. This means that business activities have already been scaling down and any further delay in procuring more goods and services from businesses by the state and its companies will have serious negative consequences for business,” Shaanika cautioned. “We are therefore appealing to the government, Ministry of Finance and the Central Procurement Board in particular to fast-track the process Standard Bank announces first Million Dollar Mania winner Photo: Contributed Instant millionaire… Standard Bank’s first Million Dollar Mania campaign winner, Petrus Uushona from Walvis Bay (in the middle), being congratulated by Standard Bank’s acting head of marketing Sigrid Tjijorokisa (left) and marketing manager Quinten Potgieter. Namibian with the realization of their dream to own a decent place they can call home. The Standard Bank Buy-a-Brick project will run annually for as long as the need for housing in Namibia amongst this income group persists. Let’s continue to work together to move Namibia forward though this project … one brick at a time,” explained Tjijorokisa. Speaking to Standard Bank this week, an ecstatic Uushona said he was merely viewing his win as reaping the fruitful of implementing the new legislation and ensure that procurement of goods and services by the state and all its companies resume without much delay. We are further appealing to the government to prioritise the payment of all outstanding debt owed to businesses in respect of goods supplied and/or services provided as it implements the new Tarah Shaanika harvest he sowed in the Buya-Brick campaign. “I was never really expecting to win this competition when I participated. My main aim was just to contribute to the Buy-a-Brick campaign because I realised its importance,” Uushona said. Having struggled to build a brick house for himself and his parents, the 36-year-old mining operator said he understands all too well the value of having a safe place to call home so he was determined to support the Standard Bank Buy-a-Brick campaign. “Once we were standing in the studio and the draw was about to commence, I started praying to God to see me through this since he had gotten me that far. He heard my prayers because they drew my name as the winner. I am really grateful,” he said. Uushona’s first order of business is to build his parents budget. As we face and tackle the ongoing difficult economic conditions in the country, we must become more innovative in coming up with programmes which stimulate more business activities to ensure increased growth in the economy in order to avoid business closure and further job losses,” Shaanika concluded. a brick house at their homestead and also begin constructing his own home. He also intends to settle his debt and invest in business. Uushona said that he was fortunate that after he won he was advised to get in contact with a financial advisor at his Standard Bank branch which has proved helpful. Considering that it is a once in a lifetime win, the new millionaire said he wants to make sure he spends his money wisely and that it lasts. “I really want to thank Standard Bank for giving back to one of its loyal customers. I also want to thank them for the Buy-a-Brick campaign; even if I hadn’t won I would have been happy knowing I helped someone put a roof over their head. I urge other companies to follow in their footsteps and show their appreciation to customers for their support,” he concluded.

New Era

New Era Newspaper Vol 22 No 167