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Cambria’s Payserv receives US$2mln for expansion

Cambria’s Payserv receives US$2mln for expansion

LONDON (Zimbabwe Investor) – Cambria Africa’s Payserv business has now received a US$2mln cash injection to support its expansion into new territories. It has been confirmed the placing of convertible debt to South African investor Nisela Capital has completed. Half the proceeds will remain with the subsidiary while the other…

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…

Zimbabwe’s internet crawls as undersea fibre outage enters 4th day

Zimbabwe’s internet crawls as undersea fibre outage enters 4th day

Zimbabwean internet providers relying on the onward fibre connectivity of SEACOM and EASSy, two of Africa’s major undersea cables, are facing major problems delivering internet services to customers as the the two cables have been down for close to 4 days, writes Soul Kabweza. According to reports, the cables were apparently severed by ship anchors…

Zimbabwe set to raise mobile telecoms licence fees

Zimbabwe set to raise mobile telecoms licence fees

GOVERNMENT has raised operating licence fees for fixed and mobile phone operators from US$100 million to US$180 million, to be issued under the converged licensing framework to allow providers to diversify their services. Under the current framework, operators are only allowed to work within the stipulations of their licences but…