The Zimbabwean businessman is seeking buyers for 20% to 34% of Liquid Telecommunications Holdings for as much as R10-billion, though Covid-19 is frustrating those efforts, sources say.
Zimbabwe’s president has picked a fight with the country’s most successful businessman. The economy may be the loser.
Liquid Telecom, the pan-African telecommunications operator, has reported solid full-year results, underpinned by good performances in South Africa and East Africa.
President Cyril Ramaphosa said a new continental online platform will help African countries to access critical medical supplies needed to fight the Covid-19 pandemic.
Strive Masiyiwa, the Zimbabwean telecommunications tycoon, has launched an appeal for help for Sudan and Zimbabwe to fight the coronavirus outbreak.
Econet Global, owned by Zimbabwean billionaire Strive Masiyiwa, is keen to acquire a telecommunications licence in Ethiopia, which is opening up the industry to foreign investment for the first time.
Zimbabwean state doctors have found an unlikely ally in their four-month pay strike – telecommunications tycoon Strive Masiyiwa.
The Public Investment Corporation is poised to take a stake in Liquid Telecom if Africa’s biggest fibre company goes ahead with a planned initial public offering, according to sources.
Zimbabwe’s Econet Wireless will shut its African pay-television unit due to the country’s economic condition and shortage of foreign currency, group CEO Douglas Mboweni said.
Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
