Namibia: MTC to Spend Over N$4m On IPO Staff

14 September 2021

MTC recently announced its Initial Public Offering (IPO) will require temporary workers for four months. For this purpose, the company expects to employ 100 short-term staff for which it will spend about N$4.2 million. MTC hopes to raise between N$3 billion and N$3.5 billion during the IPO when it makes its shares available on the Namibia Stock Exchange at the beginning of November.

In a statement issued late last week, MTC stated it will employ 100 Namibians temporarily for four months to assist the telco through with its IPO process.

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