Business / Companies
Makamba calls off Telecel-Brainworks deal
20 Feb 2015 at 08:54hrs | Views
Empowerment Corporation Private Limited shareholders have buried the hatchet with company chairperson James Makamba calling off a Friday extra ordinary general meeting and subsequent deal to sell their 40 percent stake in Telecel Zimbabwe Private Limited.
Prior to Wednesday's shock announcement, Mutasa had approached the High Court seeking an order to stop Friday's proposed EGM and $20 million transaction with George Manyere's private equity firm.
Source - Zim Ind