21
Jul
CHAMWE KAIRA With local construction firms losing ground to foreign competitors and tenderpreneurs, Simonis Storm Securities said this week that it remains negative on the outlook of the sector’s profitability and contribution to employment going forward. “If local construction companies cannot even participate in the construction of a highway between two small towns in the country, one wonders whether they will be able to participate much in the mega projects planned in the South,” the firm said. Simonis cited the fact that only three Namibian construction companies made the short-list of bidders for the road reconstruction project between Karibib and…