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Wireless

Zimbabwean businessman wins Telecel shareholding battle

Monday 4 November 2019 | 12:03 CET | News
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The Zimbabwe High Court has ruled in favour of the once exiled businessman James Makamba, in his long-drawn Telecel Zimbabwe share ownership battle with a war veterans organisation, Magamba eChimurenga Housing Trust, reports NewsDay. In the initial application, Magamba eChimurenga Housing Trust claimed 24 percent shareholding in Empowerment Corporation (Private), the indigenous group that owns shares in Telecel Zimbabwe. However, in an order granted on 18 October, the court dismissed the trust's application with costs. 

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Categories: Mobile & Wireless
Companies: Telecel
Countries: Zimbabwe
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