[dropcap]T[/dropcap]he FTTH Council Africa, an industry body for the fibre telecommunications industry, said on Wednesday that it has appointed a new chairman. Industry stalwart Andile Ngcaba will replace Richard Came as president of the body.
Ngcaba was elected unanimously by the council’s executive committee.
Came is a significant investor in the local fibre industry. His investments include Dark Fibre Africa and Vumatel. “I am happy that the organisation of which I was a co-founder is in capable hands. Andile is well positioned to take it to the next level and he is complemented by a strong board,” he said in a statement.
Ngcaba, who chairs Convergence Partners — his investment vehicle in the ICT sector — has made a number of investments in the fibre space, too, including FibreCo Telecommunications, Seacom and CSquared.
Juanita Clark remains as CEO of the council.
Came will remain actively involved in the organisation. He will head up an advisory committee on investment with Brandon Doyle, who is CEO of Convergence Partners.
One of the pair’s first projects will be to host an investors’ day in early September, the council said in the statement.
“In order for the industry to move forward it requires ongoing investment. Our aim is to promote the industry as an investment destination, and help potential investors understand the market so that they are comfortable to make investments.” — (c) 2017 NewsCentral Media