Public Lecture - Code of Good Practice on Preferential Procurement

About theTopic

Public procurement is essential for public entities to acquire necessary goods and services, ensuring timely and transparent delivery in line with government objectives. It includes strategies like prioritising local suppliers to foster inclusivity and equity, thereby promoting local economic development and job growth.

Governments, as major spenders, significantly impact economies through procurement. For example, in 2020, global government procurement reached US$11 trillion, representing 13% of global GDP. In Namibia, public procurement spending constituted 25.37% of GDP in 2021, underscoring its influence on broader socio-economic benefits.