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Labrish
Nyuuz
TransNamib defends RedForce deal to recover N$48m debt
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[QUOTE="Munyaradzi Mafaro, post: 32706, member: 636"] TransNamib picked RedForce Debt Management to collect N$48 million from people who owed them money. Critics claim the railway company gave this job without proper open bidding. Industry experts say the 12-month deal starting April should have been public because it passes procurement limits. They believe TransNamib just handed the contract through a proposal request. Finance head Monde Inambao-Samwele calls these claims false. She explained that defaulters will pay collection costs as penalties—not TransNamib itself. The company insists everything happened fairly, with proper documentation showing RedForce scored highest during evaluations. RedForce must chase debts older than 60 days from customers and tenants. The railway hopes this helps fix their money problems. TransNamib struggled financially for years. In 2022, the government canceled the N$410 million it owed. Last year, they borrowed N$2.6 billion from development banks for new trains and wagons. RedForce boss Julius Nyamazana defended their selection, saying they won through legal methods. He claims their plan met all requirements based on experience and proven debt recovery skills. [/QUOTE]
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Nyuuz
TransNamib defends RedForce deal to recover N$48m debt
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