Strive Masiyiwa, the Zimbabwean telecommunications tycoon, has launched an appeal for help for Sudan and Zimbabwe to fight the coronavirus outbreak.
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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.
Liquid Telecom has concluded a transaction with CDC Group, which will see CDC become an 8% shareholder in for an investment of $180-million.
Liquid Telecom received a $180-million cash injection from UK development finance institution CDC Group as Africa’s largest fibre network operator expands broadband infrastructure across the continent.
The pan-African telecommunications group said on Monday it plans to invest $400-million in network infrastructure and data centres in Egypt following the completion of its “Cape to Cairo” link.
Econet Wireless Zimbabwe plans to list its financial units as a single entity on the country’s stock exchange and sell a majority stake in network operator Liquid Telecom Zimbabwe back to the firm’s parent company.