Information and Communication Technology (ICT) minister Kazembe Kazembe told Financial Gazette that government plans to revamp mobile telecommunication firm Telecel Zimbabwe (Telecel).
Kazembe said he will announce a new board that will be tasked with reviving the firm. He also said the new board will be tasked with facilitating the privatisation of Telecel and selecting investors for the mobile network operator. The company’s board is currently composed of businessman James Makamba Jane Mutasa and Gerald Mlotshwa — representing Empowerment Corporation, which owns 40 percent in Telecel — and United States-based Francis Mawindi and Selby Hwacha, both representing government. Barbara Rwodzi was elected as a member of parliament.
Telecel needs at least US$200 million for network upgrades and rolling out its 4,5G LTE infrastructure.
More: Financial Gazette
Telecel Zimbabwe is a telecommunications services provider with most of its services in the mobile cellular network services. The company is owned jointly by the Empowerment Corporation (40%) and Vimpelcom (60%), one of the largest telecoms companies in the world. In Zimbabwe, Telecel is the... Read More About Telecel Zimbabwe
Kazembe Kazembe is a Zimbabwean politician who is a member of the Zanu-PF party. He is the current Minister of ICT. He was elected into parliament in July 2013 to represent Mazowe West Constituency in the National Assembly. He was reelected in the July 2018... Read More About Kazembe Kazembe
Francis Mawindi is a former CEO OF Telecel.He was once seconded to assume the COO post in NetOne by Supa Mandiwanzira.He was implicated in the Netone Scandal by Reward Kangai. Read More About Francis Mawindi