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Namibia: NamPower launches Black Economic Empowerment Policy

Date: 1 Jul 2004

NamPower, the Namibian energy company, has launched a Black Economic Empowerment Policy to take a proactive approach to redressing imbalances in the country.

The policy framework, aimed at the company's significant supplier base, was launched at the NamPower Convention Centre in Windhoek.

The policy will include a rating system that will be used to evaluate potential suppliers, with Black Economic Empowerment measures making up 20 percent of the scores.

Matthew Shikongo, NamPower chairman said: "NamPower is committed to creating and maximising value for its customers, suppliers and shareholders, while ensuring the equitable access to the provision of its goods and services."

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