MTC employs 100 for IPO process

By Business Reporter

AMIDST growing unemployment figures nationally and on the continent, Namibians largest telecommunications company, MTC will employ 100 Namibians temporarily for four months to assist the telco through with its Initial Public Offering (IPO) process.

The recruitment will cost MTC N$4.2 million to achieve its listing order, but in the process also temporarily dent the unemployment numbers of Namibia’s economically active population which continues to pose major social and economic risks.

With the rampant scourge of Covid-19 and its dent on the economy, this opportunity, although temporarily, benefits and will be welcomed by qualifying youth. The 100 ambassadors will be trained and tasked to do public education on MTC’s listing process, which started on Monday, September 6.

Key to their duties will be to spearhead the much-anticipated public offer through which investors can apply for shares, as from September 20 and closes on November 1 2021.

“Although these jobs are temporary, for only four months. It gives these young people valuable work experience that they can use to bolster their CVs and an opportunity to create a relationship with MTC for consideration when job openings occur in the future. In addition to the many job opportunities, we continue to create through the MTC Namibia National Internship Programme, we are indeed happy to create over 100 new jobs as part of the listing process. These jobs are unfortunately not permanent as they will provide relief and assistance during this hectic IPO process where more hands will be required on deck,” Tim Ekandjo, chief human capital and corporate affairs officer at MTC said.

Ekandjo further said that they are cognizant of the fact that MTC is a highly sought-after employer because of its rich employee value proposition to all its ambassadors.

The company has since 2019 offered internship opportunities to 407 interns through the MTC National Internship Programme and has committed to placing 160 interns per annum with a monthly allowance of N$3 000 per month.