Government development corporation takes over Zamtel

Wednesday 27 April 2016 | 14:09 CET | News
The government has transferred the management and operation of Zamtel to its development silo, the Industrial Development Corporation of Zambia (IDCZ). Minister of Transport and Communications Kapembwa Simbao said that the IDCZ will also be tasked with sourcing the required USD 300 million to recapitalise the company, ITWeb reported. Simbao acknowledged the government had struggled to run Zamtel effectively and said that officials now want to shift their focus away from investment and to policy-making, in order to develop the broader ICT sector.

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Categories: General
Companies: Lap Green Networks / Zamtel
Countries: Zambia
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