A Chinese company that submitted an unsuccessful tender bid for the construction of a new head office for the Namibia Financial Institutions Supervisory Authority (Namfisa) has failed with an attempt to get a court interdict to stop the award of the building contract to a rival bidder.
The Chinese company Zhong Mei Engineering has taken legal action against the government to stop the award of a N$237 million tender for the construction of the new Namibia Financial Institutions Supervisory Authority (Namfisa) head offices in Windhoek.