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Consistency, hard work, dedication and the client as the focal point – This builds a career

Consistency, hard work, dedication and the client as the focal point – This builds a career

As the General Manager of Momentum Metropolitan Group Services, Ingah Ekandjo brings with her that same vigour, authenticity and consistency mirrored by her company in fulfilling its mandate to support their clients through their journeys to financial success.

Fuelled by tenacity and a sense of purpose, she has made her way to the top inspired by, as she described it, “a colleague who started in Metropolitan as a cleaner and today is a Branch Manager at one of our flagship branches. Or a child taking a bus from Katutura to school. Seeing that hunger in them inspires me to dream. For me it’s those things that matter, because I see myself in so many people.”

Ingah grew up in a household where men and women were treated equally, where she was valued for her merits and not her gender. “My parents never made any distinction between boys and girls, we were treated the same, we got the same portions of food, my brothers would cook, the girls would clean the house and vice versa,” she explained.

It is this upbringing that made her “bold, reserved and focused.” Her journey to becoming General Manager consisted of absolute resolve. The price of success is hard work, dedication to the job at hand, and the determination that whether you win or lose, you have applied the best of yourself to the task at hand.

These are the attributes she possesses. “I think back and I realized that the one thing that got me here was consistency; I put in the same effort now as when I started my first job. You need to spend enough time building a strong foundation, that way you become unshakable,” she said.

A strong unshakable foundation is also what Momentum Metropolitan is built on. MMI Holdings Namibia was formed on the 1st July 2013 following the merger of Metropolitan Life Namibia Limited and Momentum Life Assurance Namibia Limited. Ever since then the company has taken huge strides to ensure that they offer top notch services to their clients by offering a range of insurance options and investments options: “Metropolitan provides life assurance, investment and savings solutions, to the emerging market segment; Whereas Momentum on the life side focuses on the affluent and corporate market.

The insurance industry in Namibia has gone through the changing tides of innovation and rebranding and Momentum Metropolitan has been at the forefront. Embracing change and recognizing the need to evolve is essential in any business. This was a need that came about for building a lasting brand that stays committed to its values and its clients. “The renaming of our organization to Momentum Metropolitan Namibia Limited group not only celebrates the business that we are in; but also places a greater emphasis on our strategy and promotes our client facing brands, which brings with it a rich history or tremendous success,” she said.

For Momentum Metropolitan, the motto is always: Customer First! “Our customers are at the forefront of any decision that we make. Always, no matter what, we always ask ourselves, what’s the value for the customer,” she concluded.


 

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The staff reporter is the most senior in-house Economist reporter. This designation is frequently used by the editor for articles submitted by third parties, especially businesses, but which had to be rewritten completely. - Ed.

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.