Lazarus Muchenje, the chief executive officer of state-owned mobile network operator NetOne has been suspended with immediate effect. Muchenje was suspended after he sued Minister of ICT and Cyber Security Supa Mandiwanzira, 6 NetOne board members, 9 NetOne executives and the Office of the President and Cabinet for allegedly flouting corporate governance rules by interfering in the running of NetOne. This follows the reinstatement of 9 executives by the NetOne board after they had previously been fired by Muchenje.
Muchenje was suspended by the NetOne board for exercising poor corporate governance in the sacking of the nine senior managers. He is also alleged to have challenged the board’s authority on the issue of senior management. Muchenje was replaced by Nkosinathi Ncube the Managing Director for Mobile Financial Services who has been appointed as the Acting Chief Executive Office.
Supa Collins Mandiwanzira is a Zimbabwean politician, entrepreneur, former government minister and former journalist. He is the former Minister of Information Communication Technology and Cyber Security in the Republic of Zimbabwe. Mandiwanzira is the founder of Zimbabwe's only privately owned radio station, ZiFM Stereo through... Read More About Supa Mandiwanzira
NetOne Zimbabwe was the first mobile phone operator in Zimbabwe, the company was launched in 1996. The company is a privately owned company in which the Zimbabwe government has a stake and was formed as a subsidiary of the Posts and Telecommunications. Corporation (PTC). Service... Read More About NetOne