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'Mugabe did not actively push for his family's primitive accumulation of wealth'
THE late president Robert Mugabe stopped his son-in-law Simba Chikore and daughter Bona from joining the scramble to take over the country's third-largest mobile network operator, Telecel Zimbabwe....Published: 13 Mar 2023 at 08:13hrs | | by Staff reporter
Mugabe blocked son-in-law, daughter and nephew over attempts to take over Telecel
WHILE the late former president Robert Mugabe's regime was corrupt and incompetent it allowed ministers, top civil servants and its business cronies to loot public resources Mugabe himself was very st...Published: 06 Mar 2021 at 08:00hrs | | by Staff reporter
James Makamba's empire crumbles
PROMINENT businessman Mr James Makamba's empire seems to be crumbling after the High Court placed his Kestrel Corporation under provisional judicial management as Mr George Manyere fights to recover h...Published: 30 Mar 2019 at 22:40hrs | | by Staff reporter
Makamba trying to push Mlotshwa out of Telecel Zimbabwe
A NASTY fight has erupted in Telecel Zimbabwe as it emerged that one of the shareholders and Empowerment Corporation (EC) chairman, James Makamba, is allegedly trying to push out prominent lawyer Gera...Published: 23 May 2018 at 07:52hrs | | by Staff rpeorter
'No need to merge NetOne, Telecel'
THERE is no need to merge NetOne and Telecel Zimbabwe as they have turned the corner, and are now performing well.Government holds 100 percent shareholding in NetOne and 60 percent in Telecel....Published: 26 Feb 2018 at 05:40hrs | | by Staff reporter
Mandiwanzira denies he is corrupt
INFORMATION and Communication Technology (ICT) minister Supa Mandiwanzira says his hands are clean in the face of corruption allegations levelled against him by former NetOne chief executive officer R...Published: 09 Feb 2018 at 06:16hrs | | by Staff reporter
Econet maintains market leadership
Econet Wireless Zimbabwe maintained its leading market position with over 50% customer market share of the mobile industry, and 78% revenue market share ahead of its two main competitors, NetOne and T...Published: 22 Oct 2017 at 13:51hrs | | by Staff reporter
ZimAsset, a failed economic policy
Zim-Asset is an economic policy much celebrated in the political front but with nothing much to bring home from the economic perspective. Zimbabwe has crafted so many economic policies from the early ...Published: 22 Sep 2017 at 11:59hrs | | by Blessing Machiva
ZCTU threatens legal action
THE Zimbabwe Congress of Trade Unions (ZCTU) has threatened to take legal action against Public Service, Labour, and Social Welfare minister Priscah Mupfumira following her removal of its president Pe...Published: 19 May 2017 at 06:30hrs | | by Staff reporter
Govt has injected $5 million into Telecel, says Supa Mandiwanzira - Fulltext
Ladies and Gentlemen; Good evening to you.Let me first say how pleased I am to be here tonight as your guest of honour, in my capacity as the Minister of Information Communication Technolo...Published: 17 May 2017 at 20:09hrs | 2 | by Staff Reporter
Telecel launches new voice and data bundle
Telecel has announced a new data, voice and text package for its Telecel Go pre-paid subscribers. The offering which is known as MegaBoost is a combo bundle with various benefits. Telecel Zimb...Published: 25 Mar 2017 at 09:54hrs | | by Agencies
Econet pulls no punches
SEETHING mobile telecommunications company Econet Wireless Zimbabwe (EWZ) said last week its competitors NetOne and TelOne have since accrued more than US$25 million in unpaid interconnection fees...Published: 11 Feb 2017 at 22:42hrs | | by Staff reporter
Telecel takeover in new twist
National Social Security Authority (Nssa) said it will relinquish its controlling stake in Telecel Zimbabwe to Zarnet after three years, as a way of protecting its investment.This was afte...Published: 26 Jan 2017 at 05:50hrs | | by Staff reporter
Telecel takeover above board
Netherlands-based integrated telecommunications services operator, VimpelCom, says the disposal of its 60 percent shareholding in Telecel Zimbabwe (Telecel) was above board.This was after ...Published: 23 Nov 2016 at 14:34hrs | | by Staff reporter
New twist to Telecel takeover
The disposal of Telecel Zimbabwe (TZ) by its international parent VimpelCom continues to be mired in controversy as James Makamba's Empowerment Corporation (EC) has threatened to sue the Netherlan...Published: 18 Nov 2016 at 06:57hrs | | by Staff reporter
Unlocking Growth Potential
The Government of Zimbabwe is targeting an average economic growth rate of 6.6% over 2016-2018 and the growth is going to be driven by manufacturing and agricultural sector. Finance and Economic Devel...Published: 23 Sep 2016 at 20:40hrs | | by Blessing Machiva
Govt calls NSSA to order over Telecel acquisition
Government has called the National Social Security Authority to order directing the authority to focus on financing the acquisition of Telecel Zimbabwe through Zarnet, instead of attempting to usurp t...Published: 25 Aug 2016 at 08:01hrs | | by Conrad Mwanawashe
Telecel takeover next month
Information Communication Technology minister Supa Mandiwanzira said government exacts to finalise the acquisition to finalise of Telecel next month. This comes amid indications that Zimba...Published: 27 Jul 2016 at 09:08hrs | | by Staff reporter
Vimpelcom seeks Mugabe help
Amsterdam based mobile phone operator Vimplecom is seeking president Mugabe's assistance to secure an outstanding $30 million for the sake of its 60% shareholding in Telecel Zimbabwe. Peop...Published: 10 May 2016 at 08:57hrs | | by Staff reporter
Telecel acquisition concluded: Zimbabwe govt becomes major shareholder
THE government is now the major shareholder in mobile phone company, Telecel Zimbabwe, after fully paying $40 million for the 60 percent stake in the firm previously owned by Russian telecoms group, V...Published: 09 Mar 2016 at 05:38hrs | | by Staff reporter
'We still own Telecel Zimbabwe,' says VimpelCom
VimpelCom Limited says it still owns a majority stake in Telecel Zimbabwe Limited, as negotiations with the government over the 60 percent by out continue. Last year, VimpelCom was pressur...Published: 25 Feb 2016 at 07:31hrs | 1 | by Staff reporter
Zimbabwe paying off Telecel shareholding balance
The government has begun paying off the balance to acquire a 60% shareholding in Telecel Zimbabwe and the transaction should be complete by next week. Sources revealed that the government had sent...Published: 22 Feb 2016 at 07:50hrs | | by Staff reporter
Telecel deal to be finalized
President Robert Mugabe's government this was week expected to pay VimpelCom Limited about $30 million in outstanding funds for a 60 percent stake in Telecel Zimbabwe. Although company exe...Published: 22 Jan 2016 at 07:17hrs | | by Staff reporter
Government yet to court the Empowerment Corporation over Telecel
THE envisaged complete takeover of Telecel Zimbabwe by Government might take long amid indications that the new majority shareholder is yet to engage the minority shareholders – the Empowerment Corp...Published: 13 Dec 2015 at 08:59hrs | | by Africa Moyo
Telecel Zimbabwe sold to government's Zarnet
VimpelCom today announced that its 51.9%...Published: 18 Nov 2015 at 11:36hrs | | by Staff reporter
Govt, NSSA in tussle over Vimpelcom 60% shares in Telecel
Zimbabwe government was recently engaged in hot tussle with the National Social Security Authority (NSSA) over the Vimpelcom 60% shares which were up for grabs in the Telecel Zimbabwe Company....Published: 13 Nov 2015 at 13:03hrs | | by Stephen Jakes
Zimbabwe government takes over Telecel
Government has seized control of Telecel Zimbabwe after concluding a $40 000 million deal to take over the country's third largest mobile operator by buying out international telecommunications gi...Published: 13 Nov 2015 at 07:36hrs | | by Staff reporter
Telecel to take Zimbabwe to international court
AMSTERDAM - Telecel Zimbabwe (Telecel)'s parent company, VimpelCom Limited, says it is preparing to file an international arbitration against government next month after it cancelled its mobile licenc...Published: 28 Sep 2015 at 09:26hrs | | by Staff reporter
Lessons from the Telecel Zimbabwe saga - corporate xenophobia
THE liberalisation of Zimbabwe's telecommunications industry, especially the introduction of mobile phone networks, came at a time of heightened racial as well as anti-foreign hostilities pushed princ...Published: 13 May 2015 at 11:10hrs | | by Mutumwa Mawere
Telecel closure: Zanu-PF double standards exposed
Telecel Zimbabwe (Telecel) licence cancellation by the country's telecommunication regulator smacks of hypocrisy and Zanu-PF-led government's double standards when dealing with perceived political ene...Published: 12 May 2015 at 14:14hrs | | by John Kachembere
Telecel licence subject of discussion at Russia's highest governmental level
ZIMBABWE-VIMPELCOM-LICENSE-TALKS08.05.2015 18:39:42 MSKThe problem with the license for Vimpelcom in Zimbabwe could become the subject of discussion at the highest governmental level – (sou...Published: 12 May 2015 at 09:44hrs | | by Interfax
Chinamasa wades into Telecel saga
FINANCE Minister Patrick Chinamasa yesterday said Telecel should not have been allowed to operate in the first place.The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)...Published: 08 May 2015 at 08:36hrs | | by Leonard Ncube
Telecel Zimbabwe approaches the High Court over licence cancellation
Telecel Zimbabwe has approached the High Court of Zimbabwe seeking a prohibitory order that will prevent the industry regulator, POTRAZ, from executing the cancelation of its operating licence pendi...Published: 06 May 2015 at 22:00hrs | 1 | by Ndou Paul
Telecel up to date with licence fee payments
Telecel Zimbabwe says it is up to date with payments for its operating licence despite the sentiments that it has not been compliant.Two months ago, Government cancelled an agreement with the ...Published: 05 May 2015 at 16:03hrs | | by Rumbidzayi Zinyuke
Vimpelcom officials' jet in for talks over Telecel licence
Global Telecoms Holdings and VimpelCom officials will meet Government today to find an amicable solution to the Telecel Zimbabwe licence debacle.Potraz last week granted Telecel Zimbabwe a spe...Published: 05 May 2015 at 08:10hrs | | by Staff reporter
'Telecel could yet retain mobile license,' says Mandiwanzira
Telecel Zimbabwe still has an opportunity to keep its mobile-phone license after it was withdrawn by the industry regulator for a failure to comply with local ownership laws.The company "has a...Published: 04 May 2015 at 18:19hrs | | by bloomberg
Burning Telecel to get Mujuru
THE Telecel Zimbabwe (TZ) case study is pregnant with lessons that, at the very least, require critical analysis in order to appreciate the inherent contradictions in the ideology and practice of the ...Published: 03 May 2015 at 13:26hrs | 2 | by Mutumwa Mawere
Mysterious Zimbabwean 'leading player' in the mobile sector on mass recruitment
A mysterious 'leading player' in the mobile sector is a on a massive recruitment drive as it seeking 24 people to fill in executive posts.According to an advert slashed in newspapers today, I...Published: 03 May 2015 at 13:28hrs | | by Thobekile Zhou
Telecel: Zimbabwe government refused 51% indigenisation?
Telecel Zimbabwe yesterday threatened a local and international onslaught against Potraz's decision to cancel its licence because its parent company offered local shareholders 51% and is up to date wi...Published: 30 Apr 2015 at 07:52hrs | | by Ndou Paul
Telecel license finally cancelled, gets notice to decommission equipment
Telecel Zimbabwe had its operating license canceled by the country's regulator and given three months notice to decommission equipment.The company had been working with the government to r...Published: 29 Apr 2015 at 13:07hrs | | by Bloomberg
Telecel teeters on brink of insolvency
Zimbabwe's beleaguered mobile network operator Telecel Zimbabwe's finances are in a sorry state amid indications the company is bankrupt. The company reportedly has management inefficienci...Published: 20 Mar 2015 at 07:56hrs | | by Staff reporter
Scam to overvalue Telecel exposed
A Scam to overvalue Telecel Zimbabwe has been exposed amid reports that the company is practically bankrupt with no ability to meet its short-term and long-term liabilities. In addition, t...Published: 06 Mar 2015 at 08:02hrs | | by Staff reporter
Dr James Makamba opens up on Telecel debacle
The current problems hogging Telecel Zimbabwe are a result of numerous re-constitutions of the Empowerment Corporation (EC) during the company's formative stages, EC and Telecel Zimbabwe board chair D...Published: 27 Feb 2015 at 16:29hrs | | by Staff reporter
Phillip Chiyangwa wades into Telecel shares saga
Flamboyant Harare businessman Phillip Chiyangwa has said 60 percent of shares in Telecel Zimbabwe Private Limited owned by Amsterdam based Vimpelcom, must be sold to local Zimbabwean. In a let...Published: 13 Feb 2015 at 06:01hrs | | by Staff Reporter
Telecel executive expected in Zimbabwe this week
A Telecel International delegation is expected in Zimbabwe this week to discuss plans to off-load its local unit sources said. This comes amid a crises around Telecel Zimbabwe's licence, ...Published: 22 Jan 2015 at 06:39hrs | 19 | by Staff reporter
Telecel launches 'keep your digits' promotion
The battle to win over subscribers from rival operators in a saturated Zimbabwean mobile telecoms market is heating up as Telecel entices users with a phone number promotion, ...Published: 18 Dec 2014 at 12:35hrs | | by Staff reporter
Telecel Zimbabwe up for sale
VimpelCom intends to sell its shareholding in Telecel Zimbabwe and has invited bids from interested investors, the Herald reported. VimpelCom owns 60 percent of Telecel Zimbabwe, and the r...Published: 03 Dec 2014 at 12:11hrs | | by Staff reporter
Econet buys Telecel
Econet Wireless Global (EWG) has acquired the assets of Russian global telecoms operator, Vimpelcom, in the Eastern and Central African countries of Burundi and Central African Republic.E...Published: 20 Oct 2014 at 15:32hrs | | by Staff reporter
Telecel defaults on licence payment
Second largest mobile network operator, Telecel Zimbabwe is allegedly in default of its license renewal payment terms it brokered with government last year, potentially prejudicing treasury of crit...Published: 07 Jul 2014 at 13:18hrs | | by Staff reporter
Telecel CEO denied a Zimbabwe work permit
TELECEL Zimbabwe chief executive Mr John Swaim is alleged to be conducting his duties from a foreign base after failing obtain a work permit, sources said yesterday. Mr Swaim's application fo...Published: 10 Dec 2013 at 00:47hrs | | by Business Reporter
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