HIGH Court judge Justice Edith Mushore has ruled in favor of the once exiled businessman James Makamba in a long-drawn Telecel Zimbabwe (Pvt) Ltd share ownership battle with a war veterans organization, Magamba eChimurenga Housing Trust. In the initial application, Magamba eChimurenga Housing Trust was claiming 24% shareholding in Empowerment Corporation (Private) Limited, the indigenous…
Jeff and MacKenzie Bezos are divorcing after 25 years of marriage. While the Amazon founder’s name is well-known, the news has left some people wondering, who is MacKenzie Bezos? Who is the wife of the richest man in the world, someone who has led a relatively private life as the partner of the powerful founder and executive? MacKenzie…
Shortly after they were married, MacKenzie Bezos drove her husband, Jeff, across the country from New York to Seattle while he typed out a business plan for what would become Amazon. Now, twenty-five years later, MacKenzie Bezos could once again find herself in the driver’s seat, this time with the potential to rattle her husband’s control over…
Analysts have projected data and internet to drive telecoms giant Econet’s business post unbundling as full-year revenue for the financial year 2019 is expected to hit $678 million mark. This will represent a 20 percent jump ahead of $578 recorded in FY18. After becoming a fully converged telecommunications, media and technology business encompassing digital banking,…
Bharti Airtel has decided to sell a further 32% stake in Bharti Infratel, valued at close to Rs 15,500 crore, to create a war chest to bolster its countrywide 4G networks and counter Reliance Jio Infocomm. Separately, the Sunil Mittal-led telco on Thursday also appointed a panel to explore various other fundraising options, and named Badal Bagri as…
Econet Wireless Zimbabwe’s fintech business Cassava Smartech Zimbabwe Limited (CSZL) will be listed on the Zimbabwe Stock Exchange (ZSE) tomorrow. This comes after regulatory approvals to spin off the telecoms giant’s smart technology and financial technology businesses under a new holding company CSZL. The company controls 100 percent of Steward Bank, 100 percent EcoCash Limited,…
