MTC throws lifeline to jobseekers
13 September 2021 | Local News
Telecommunications giant MTC will spend N$4.2 million to employ 100 people for four months to help it get its Initial Public Offering (IPO) process going, as well as to alleviating the increasing unemployment rate in the country.
This announcement comes as relief at a time when the rampant scourge of Covid-19 continues to devastate the economy.
The 100 ambassadors will be trained and tasked to do public education on MTC’s listing process, which started last week, and will also spearhead the much-anticipated public offer through which investors can apply for shares.
This process will begin on 20 September and close on 1 November.
Tim Ekandjo, the company’s chief human capital and corporate affairs manager, emphasised the company’s commitment to job creation and youth development.
“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,” he said.
MTC has since 2019 offered opportunities to 407 interns through its internship programme and has committed to placing 160 interns per annum, with a monthly allowance of N$3 000.