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Telecel risk losing its Zimbabwe operating licence

Telecel risk losing its Zimbabwe operating licence

Government says Telecel Zimbabwe risks losing its operating licence if it fails to comply with the Indigenisation and Economic Empowerment Act. As the mobile operator’s saga unfolds, government through the Ministry of Youth Development, Indigenisation and Empowerment has written to the Ministry of Transport, Communication and Infrastructural Development for consideration…

Telecel Zimbabwe boss resigns

Telecel Zimbabwe boss resigns

HARARE (Zimbabwe Investor) – Telecel Zimbabwe Chief Executive Officer, Francis Mawindi has resigned his post citing pursuit of other opportunities barely 9 months into the job. The board of directors notified employees of Mawindi’s resignation in a memo dated 27 March 2013. “The board of directors hereby advises Telecel employees…

Showman move in car convoys: Kasukuwere

Showman move in car convoys: Kasukuwere

HARARE (Zimbabwe Investor) – Zimbabwe’s Indigenisation Minister Saviour Kasukuwere dismissed reports that he was beefing up security fearing for his life following his empowerment crusade. Minister Kasukuwere was quoted by a local daily denying that he was now moving in a convoy of cars which included members of the Police…

Tsvangirai staffers released on bail

Tsvangirai staffers released on bail

HARARE (Zimbabwe Investor) – Three staff members from Prime Minister Tsvangirai’s office and a councillor who were arrested a day after the new constitution referendum together with human rights lawyer Beatrice Mtetwa have been released on US$500 bail each by Justice Chinembiri Bhunu. Thabani Mpofu, Felix Matsinde, Mehluli Tshuma, the…

BRICS reach deal over development bank

BRICS reach deal over development bank

The BRICS grouping of emerging powers have reached a deal to establish a development bank that would rival Western-backed institutions, reports Al Jazeera. “It’s done,” South African Finance Minister Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and China. “We made very good progress, the leaders will…