BIPA clarifies the tender saga that involved a child

Martin Endjala Namibia’s Business Intellectual Property Authority (BIPA) has clarified that the matter involving a five-year-old minor who is reported to be the majority shareholder of a company that won the pharmaceutical bidding via the Central Procurement Board of Namibia (CPBN) is within the corporate laws and that the corporate laws have not been broken. In a recent response to Windhoek Observer questions on the matter, BIPA’s Spokesperson, Ockert Jansen, explained that pursuant to the provisions of both the Companies Act, 2004 and the Close Corporations Act, 1988, there exist no restrictions or exclusions concerning the age of an owner…