Would A Telecel-NetOne Merger Make More Sense Than Partial Privatization?

By Leonard Sengere

The government, through the Finance Minister Chinamasa has shared its plans to reform State-Owned Enterprises. In that plan, we found out that both Telecel and NetOne are going to be partially privatized.

Today, the government owns 100% of NetOne. The Telecel situation is not as straight forward.

Telecel

The government owns 60% of Telecel, that part is clear. The remaining 40% belongs to the Empowerment Corporation.

The beneficial owner of that 40% is not clear. President Mnangagwa’s son-in-law, Gerald Mlotshwa is one contender. James Makamba is the other contender, claiming that Mlotshwa was merely his proxy, which would make him (Makamba) the …read more

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