Will Telecel’s Ownership Issues Ever End?

By Farai Mudzingwa

It seems the Telecel shareholding issues will not go away. After the acquisition of Telecel by the government back in 2015 the shareholding issue had quietened down but it seems that was just the calm before the storm. Back then, the government acquired a 60% stake and it seems the remaining 40% will now be a bone of contention.

What now?

Back in 2015 Empowerment Corporation (EC), acquired a 40% stake from Telecel. Mlotshwa’s shareholding of Telecel came about through his stake in EC.

The shareholding tussles at Telecel are making headlines again as formerly self-exiled businessman James Makamba is …read more