Fixed line monopoly operator Telecom Namibia has announced that it will officially launch its Black Economic Empowerment (BEE) Procurement Policy at the NamPower Convention Centre in Windhoek on 13 June 2007. The BEE policy, aimed at the company’s supplier base, takes a proactive approach to redressing economic imbalances in the country. The policy includes a rating system that will be used to evaluate potential suppliers, with BEE measures making up 15% of the scores. The company’s managing director Frans Ndoroma said: ‘Telecom Namibia is committed to…BEE that is broad-based, the most difficult, yet the most rewarding form of such empowerment possible…Properly managed, the BEE philosophy holds the promise of strengthening the social fabric by giving vastly greater numbers of people a stake in the economy.’ He added that Telecom Namibia looks forward to forging mutually beneficial business relations with all those companies that share its vision. TeleGeography’s GlobalComms database notes that Telecom Namibia is owned by state holding company Namibia Post and Telecommunications Holdings (NPTH), which also owns a 66% stake in the country’s largest mobile operator Mobile Telecommunications (MTC); the government plans to complete the sale of a 15% stake in MTC to local BEE groups this year.