Welcome To NIEEB

The National Indigenisation and Economic Empowerment Board (“NIEEB”) has been tasked to spearhead this process of transforming the peripheral role of the indigenous majority in the economy to a leading role in the mainstream economy together with the attendant benefits of improving their standards of living.

NIEEB was established through an Act of Parliament - Indigenisation and Economic Empowerment Act [Chapter 14.33] 17th of April 2008.


Functions of NIEEB

  • To advise the Minister on the Government’s indigenisation and economic empowerment strategies.
  • To advise the Minister on appropriate measures for the implementation of the objectives of the act.
  • To administer the Fund in terms of section 15.
  • To oversee compliance with the Charter.
  • To perform other functions as may be imposed or conferred upon the Board under this Act.