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On-the-job training prepares graduates for corporate world

On-the-job training prepares graduates for corporate world

In an effort to afford graduates who come straight out of university the opportunity to familiarise themselves with the actual corporate job market, SME Compete this year gave four interns, two at their Windhoek office and two at the Ongwediva office, the chance to gain much needed on-the-job training.

The initiative was made possible through support from the FNB foundation as they are also aware of the fact that many young graduates struggle to find work as they do not have practical experience yet, according to Claudine Mouton of SME Compete.

We have done this on-the-job training since we began operations but have always had some financial constraints. This year FNB Namibia, a long-standing partner of SME Compete came to the party and through their support we can continue with the internship component full steam,” Mouton added.

According to Mouton, SME Compete felt more had to be done to help graduates gain work experience as many prospective employers demand this of first-time employees.

For this reason, we decided to approach the FNB Namibia Holdings Foundation Trust for funding support to increase the number we could take on this year,” she said.

SME Compete has provided work experience opportunities on an ad hoc basis to young Namibians since the firm’s founding in March 2006. Interns gain practical experience in a number of fields from administrative duties to customer relations, business registrations and more.

Some of our interns now hold managerial positions at corporate companies and we are proud of them and know that this programme of ours has definitely played a big role,” she said.

Meanwhile, Clara Bohitile, Chairperson of the FNB Holdings Foundation Trust visited SME Compete and met with Maria Kuassi-Kpede and Aina Ekandjo who are currently doing their internships.

Bohitile said, “This project is in line with FNB’s P4 strategy, particularly under the People pillar to transform human capital not just within the bank but also for those in the community in which we operate. We assist in developing diverse, highly-skilled and motivated individuals in the market. Once these youngsters have been equipped with the skills and experience they will be able to use these to create their own success stories and tap into the corporate world”.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.