NBFIRA: Technical Bids Results Announced for SupTech System Implementation in Botswana

• The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has announced the results of the evaluated technical bids for project management services.
• The tender aims to implement a SupTech system for non-bank financial institutions in Botswana, with the goal of enhancing operational efficiency and reducing costs.
• The Public Procurement Act of 2021 will govern the bid acceptance and contract formation process.
• Lawyers advising clients in the non-bank financial sector should be aware of the results of this tender and be prepared to advise on potential contract formation.

A display of this notice does not constitute formation of a contract. Bid acceptance and contract formation shall be in accordance with the Public Procurement Act of 2021.

The results of the evaluated technical bids for the project management services for the implementation of the SupTech system for Non-Bank Financial Institutions Regulatory Authority have been announced. The notice, which serves as an invitation to bidders who have passed the technical evaluation to attend the financial bid opening, has been posted on the Exponential Building in Gaborone. The event is scheduled to take place on August 24th, 2026, at 10:00 hours. It's worth noting that a display of this notice does not constitute formation of a contract.

The tender, which was launched by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), aims to implement a SupTech system for non-bank financial institutions in Botswana.

The Public Procurement Act of 2021 will govern the bid acceptance and contract formation process. This means that any contractual agreements resulting from this tender will be subject to the provisions outlined in the Act. The Act is designed to ensure transparency, accountability, and fairness in public procurement processes.

In addition, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is responsible for regulating non-bank financial institutions in Botswana. This includes overseeing their compliance with relevant laws and regulations, as well as ensuring that they operate in a safe and sound manner.

The successful implementation of the SupTech system will have significant implications for non-bank financial institutions in Botswana. The system is expected to enhance their operational efficiency, reduce costs, and improve risk management.

Lawyers advising clients in the non-bank financial sector should be aware of the results of this tender and be prepared to advise on potential contract formation under the Public Procurement Act of 2021. This will involve ensuring that their clients comply with the provisions outlined in the Act and understand their obligations and responsibilities.

Lawyers advising clients in the non-bank financial sector should watch for the results of this tender and be prepared to advise on potential contract formation under the Public Procurement Act of 2021.

Source: Original reporting via NBFIRA