Makamba exits Telecel

Makamba exits Telecel
Published: 04 August 2017 (600 Views)
Self-exiled businessman James Makamba has sold his stake in Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe to a local consortium for an undisclosed amount.

However, with ink barely dry on the deal, the Government is understood to have made a massive $26 million offer to buy out the local consortium owned businessman George Manyere and prominent lawyer Gerald Mlotshwa.

Sources familiar with the development said that the agreements related to the disposal of Makamba's shareholders were recently signed.

- Business Weekly

Tags: Makamba, Telecel, Exile,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Man sues ex-wife over bills

by Staff reporter | 23 October 2017 | 18 Views

'He walks around undressed'

by Staff reporter | 23 October 2017 | 28 Views

Thieves bashed at masowe

by Staff reporter | 23 October 2017 | 17 Views

'BVR will detect the party one will vote for,' claim Village heads

by Stephen Jakes | 23 October 2017 | 23 Views

WHO wasn't supposed to appoint Mugabe as Ambassador

by Stephen Jakes | 23 October 2017 | 32 Views

MDC welcomes Mugabe's demotion

by Kurauone Chihwayi, MDC National Spokesperson | 23 October 2017 | 31 Views

WHO wasn't supposed to appoint Mugabe as a Goodwill Ambassador

by Stephen Jakes | 23 October 2017 | 28 Views

Churches vital in nation building

by Staff Reporter | 23 October 2017 | 32 Views

Eddie Cross battling prostate cancer

by Staff reporter | 23 October 2017 | 32 Views

MDC-T member bashed by Zanu PF thugs

by Stephen Jakes | 23 October 2017 | 34 Views

Electorate has lost interest in Tsvangirai, Mugabe

by Tinashe Eric Muzamhindo (PhD candidate) | 23 October 2017 | 31 Views

How much longer should kids tolerate the whip as a corrective measure?

by Nimi Princewill | 23 October 2017 | 47 Views

Tajamuka issues 'RED Warning Alert'

by Staff Reporter | 23 October 2017 | 81 Views

Chipanga regrets Mugabe song

by Staff reporter | 23 October 2017 | 68 Views

Mugabe's political scandal meant to manage power dynamics

by Staff reporter | 23 October 2017 | 48 Views

MPs sell fuel coupons to survive

by Staff reporter | 23 October 2017 | 39 Views

Dabengwa pokes old wounds

by Staff reporter | 23 October 2017 | 49 Views

Will elections solve the question of economic problems - ZCP

by Stephen Jakes | 23 October 2017 | 39 Views

Village heads claim BVR will detect the party one will vote for

by Stephen Jakes | 23 October 2017 | 36 Views

Lupane residents unhappy with LSU Vice Chancellor

by Stephen Jakes | 23 October 2017 | 41 Views

PDP in South Africa welcomes Rainbow Coalition

by Stephen Jakes | 23 October 2017 | 37 Views

ZimFirst bemoans three Coalitions, One Election!

by Stephen Jakes | 23 October 2017 | 26 Views

MDC-T a dream deferred?

by David Chandisaita | 23 October 2017 | 31 Views

Koeman sacked as Everton manager after Arsenal defeat

by BBC | 23 October 2017 | 38 Views

Donkey abattoir blocked

by Staff reporter | 23 October 2017 | 41 Views

Dabengwa to confront Mugabe

by Staff reporter | 23 October 2017 | 169 Views

Agent 00263: Did Mnangagwa lie?

by Sam Wezhira | 23 October 2017 | 302 Views

All set for the inaugural ZAA Australia ceremony

by ZAA International Executive: Mr Trevor Manyame | 23 October 2017 | 90 Views

Mugabe's brief success

by ZimVigil | 23 October 2017 | 132 Views

Retailers warned over rejecting plastic money

by Staff reporter | 23 October 2017 | 80 Views

UN system needs overhaul, says Mzembi

by Staff reporter | 23 October 2017 | 73 Views

Water tariff hike proposal causes stir

by Staff reporter | 23 October 2017 | 70 Views

Zanu-PF to splash $6 million on congress

by Staff reporter | 23 October 2017 | 64 Views

WHO crushes Mugabe's ego

by Staff reporter | 23 October 2017 | 93 Views