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Government considering bringing Econet shareholding back to Zimbabwe following rights issue controversy – Mandiwanzira

By Nigel Gambanga Econet’s US$130 million rights issue which was recently approved by its shareholder has attracted the attention of the government and could result in the revision of a shareholding arrangement that has allowed a chunk of the operator’s shares to reside outside Zimbabwe. In a recent hearing with…

It’s a lie that Econet paid its licence in full, part of the payment actually made by people of Zimbabwe – Mandiwanzira

By Nigel Gambanga Zimbabwe’s Minister of ICT, Supa Mandiwanzira recently told the parliament of Zimbabwe that contrary to what has been said repeatedly by Econet Wireless Zimbabwe about its licence payment fees, the mobile operator did not pay its licence its full and part of the payment was actually made…

Zimbabwean government used the Universal Services Fund to pay for Telecel acquisition

By Nigel Gambanga Supa Mandiwanzira addressing Parliament The Zimbabwean government used money from the Universal Services Fund (USF) to partly finance its acquisition of Telecel Zimbabwe. This information was shared by the Minister of ICT, Supa Mandiwanzira in an evidentiary hearing with the parliamentary committee on ICT held today. Responding…

Zimbabwe’s schools now teaching early childhood Maths, Science & IT in vernacular languages

By Nigel Gambanga Zimbabwe’s Early Childhood Development (ECD) centres have started teaching all subjects using local languages, including vernacular languages. The languages listed and recognised as official in Zimbabwe are English, Shona, Ndebele, Sign Language, Ndau, Chewa, Chibarwe, Kalanga, Koisan, Nambya, Shangani, Shona, Sotho, Tonga, Tswana, Venda and Xhosa. Most…

Econet responds to tax evasion & transfer pricing scandal – dismisses allegations, says case is already before the courts

By Nigel Gambanga Econet Wireless, Zimbabwe’s largest mobile network operator (MNO) has come under some scrutiny regarding a tax evasion and externalisation scandal which alleges that the MNO deprived the country of up to US$300 million. The issue, which first drew attention in 2014 recently resurfaced after media reports, citing…