In an embarrassing development for the technology company, Africom is set to lose movable property in Harare today at an auction conducted by LM Auctioneers. Having defaulted on an unspecified debt to Skyvision Global Network, a Europe based company, Africom had its property attached by the Sheriff of the High Court. Among the immovables there are motor vehicles, office properties and generators. The Kwanayi Kashungura founded firm was also taken to court in July over a $1, 7 million loan.
More: Daily News
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