Sunday 20 January 2019
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businessdaily - 7 month ago

Telecel ownership storm brewing

A STORM has rocked Telecel Zimbabwe over its ownership structure, as two directors James Makamba and Gerald Mlotshwa, are both claiming chairmanship of the country s third largest telecoms group.Makamba, through Empowerment Corporation (EC), a 40% shareholder in Telecel, has held the chairmanship since inception in 1998, but it has since emerged that he lost his shareholding in the company after d...

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