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Getting talent retention right, a lesson from O&L

Getting talent retention right, a lesson from O&L

The Ohlthaver & List (O&L) Group of companies Talent Attraction Program (TAP) marked its 10th year intake of participants to its 2017 programme this week with its largest intake of 11 graduates.

Group Human Capital Director, Berthold Mukuahima said at the event that programme has shown its promise with huge successes of retaining more than 60% of all employees who took part.

Candidates have already proven themselves to be successful in their development and careers, and most, if not all the TAP participants took bold stands to move the O&L Group closer to its 2019 Vision,” Mukuahima said.

O&L Executive Chairman, Sven Thieme, said that the TAP initiatives is vital for a learning organisation such as O&L that keeps striving for continuous improvement.

Education and development, especially for our young and future generation(s) is one of the key elements in a prosperous future for our nation.,” he added.

Thieme encouraged the new intake to make full use of the granted opportunity and experience cautioning however that the success will mostly rely on their own efforts.

Some of the current O&L senior leadership team members are former TAP participants, which according to Mukuahima is what makes this programme special as the the participants have the opportunity to build careers within the group.

Adri Erwee, currently Pick n Pay (PnP) Namibia’s Human Resources Manager, who was one of the first TAP intakes in 2008 said that the experience has been extraordinary. “I have only grown from strength to strength since joining the O&L TAP program, and today I find myself proudly part of the leadership team.”

Another TAP success story is Neville Hembapu who joined the 2013 intakes. Currently a team leader, and part of management at Namibia Dairies’ Superfarm at Mariental. Hembapu said that the simple thing to do is to grab an opportunity like this with both hands and make full use of it. “As an individual you embrace your character and personality, and incorporate it with the O&L Values, which will be a magical step into the right direction”.

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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.