NetOne secures $290m China loan

HARARE - State-owned wireless network operator NetOne has secured a $290 million loan from China.

Finance minister Patrick Chinamasa said the funds would be invested in expanding the telecoms company’s network coverage.

NetOne is the smallest of Zimbabwe’s three mobile network operators.

Chinamasa said the Asian economic giant also advanced Zimbabwe’s sole fixed line operator TelOne $98 million.

“(the) $98 million was provided on the condition that government used it to help with the TelOne debt it assumed,” he said during a review meeting of his China trip.

Government assumed TelOne’s legacy debt of about $359 million.

Chinamasa said “the loans were all part of government’s plans to empower the State telecommunications units and fully digitalise the country’s operations”.

The Treasury chief, along with President Robert Mugabe, was in China recently for a week-long visit targeted at securing bailout packages from the President Xi Jinping-led country.

Chinamasa said the funds granted to TelOne were also going to facilitate the extension of its fibre optic network.

Apart from a fixed line network, TelOne also offers Internet services.

TelOne is owed about $190 million in unpaid bills.

Of this amount, parastatals and government departments owe the company about $40 million.

Chinamasa hinted that plans to access more loans for State broadcaster ZBC Holdings’ digitalisation were in the pipeline.

In June, NetOne’s chief executive Reward Kangai said the group urgently needs a strategic partner to inject fresh capital.

He told Parliament’s Information Communication Technology portfolio committee that the institution needs the capital to keep afloat in the face of increasing competition.

He said limited funding resulted in NetOne failing to meet the Zimbabwe Revenue Authority (Zimra) and Postal and Telecommunications Regulatory Authority (Potraz) obligations.

“There is need to consider the option of possible strategic partnerships with the right people with no hidden agendas to improve our infrastructure as the mobile network business requires constant recapitalisation,” Kangai said.

He said while government is hard pressed, there is need for it to appreciate as a shareholder that the business is capital intensive, with a single base station costing around $500 000 to set up.

Kangai added that the company’s efficiency was being affected by government’s bureaucratic procurement process.

NetOne’s procurement is done through the State Procurement Board (SPB).

“It (going through SPB) is a big milestone on our legs and I don’t understand why we have to go through that process because we earn our money through doing business so we must just be delisted from the board and be allowed to operate as a business entity as there is no basis or justification for that,” said Kangai.

Earlier on, Kangai said NetOne is owed $10 million by government.

He said the company has struggled to get its money from some government institutions since the introduction of the multi-currency system in 2009.

“The Reserve Bank of Zimbabwe is also one of those who owe NetOne.

They never paid us from the time we went into the multi-currency system,” he said, adding that “to make matters worse, we had some amount of $800 000 with Barclays Bank, which was liquidated by the central bank.”

Overall, Kangai said NetOne is owed a total $28 million by subscribers.

He said they had appealed to Obert Mpofu’s Transport and Communication ministry to assist in the recovery of the RBZ debt.

 

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Pieter van - 1 April 2015

Good day Audience. I am Brenda Williams a single mom, from Ohio USA, i want to use this great medium to announce this lender Mr Jobert Beck who is really a God sent to my family. few months back i was in search of a loan form the internet where i was scammed of $3000.00, i never thought i will ever apply for a loan on the internet again before i met a post about this lender made by one Monica Carlos who also got a loan from him, then i took a try again, after loan processing i was ask to provide my banking details which i did and to my greatest surprise i was granted a loan of $45,000.00 at first i thought it was a joke until i got to the bank to confirm and it was true, i was overwhelmed with joy. so i want you all who desire a loan and are capable of paying back the funds at the due time to contact:(jobertloancompany@yahoo.com) or (jobertloancompany@gmail.com) and be a partaker of my testimony.

Brenda Williams - 7 April 2015

Good day Audience. I am Brenda Williams a single mom, from Ohio USA, i want to use this great medium to announce this lender Mr Jobert Beck who is really a God sent to my family. few months back i was in search of a loan form the internet where i was scammed of $3000.00, i never thought i will ever apply for a loan on the internet again before i met a post about this lender made by one Monica Carlos who also got a loan from him, then i took a try again, after loan processing i was ask to provide my banking details which i did and to my greatest surprise i was granted a loan of $45,000.00 at first i thought it was a joke until i got to the bank to confirm and it was true, i was overwhelmed with joy. so i want you all who desire a loan and are capable of paying back the funds at the due time to contact:(jobertloancompany@yahoo.com) or (jobertloancompany@gmail.com) and be a partaker of my testimony.

Brenda Williams - 7 April 2015

Hello Apply for a quick and convenient loan to pay off bills and start a new finance your projects on the cheap interest rate of 3%. There are contact us today via: lindaparkerloancompany@gmail.com of the loan amount needed as our minimum loan offer is 3,000.00 to any choice of the loan amount. I am a certified, registered and legitimate lender. You can contact me today if you are interested in getting a loan from us ...NOTE: All replies should be directed to:lindaparkerloancompany@gmail.com for fast processing. Thank you mrs lindaparker

linda - 13 May 2015

End your financial worries today: I'm Lance McDonald from Canada I can smile with this God Fearing man I received a loan funds of $85,000.Dollars and five of my colleagues have also received their loans to start up their own company business from this man without any difficulty. I advise you not to choose the wrong person if you actually apply for a cash loan for your project and any other. I publish this message because Mr.Andres Williams made me and my colleagues feel blessed with his loan. It is through a friend I met this honest and generous God fearing man who helped me get this loan fund to regulate your life, You needed financial help, You are stuck, No access to bank credit, or do not have the benefit of a bank, you need to finance your construction, real estate development, creating your own business up your personal business, you have seen and need to make money, a bad credit or need money to pay bills or debts. So I advise you out there to kindly contact and meet you for the services you ask of him. His contact address: andresloanfirm07@live.com Contact him for more information, be clear and honest. His Email: andresloanfirm07@live.com Thanks Regards Lance McDonald

Lance McDonald - 29 June 2015

Har du behov for å starte opp en bedrift eller et lån for å betale dine regninger? vi gir lån på 2% rente, hvis interessert Vennligst send oss ??ditt navn, beløp detaljer trengs nå LÅN SØKNADSSKJEMA *Fullt Navn:......................... . .. * Alder: ......................... ............ * Sex .......................... .............. * Adresse: ..................... ........... * State: ....................... ........... * Land: ..................... ........... * Forretnings navn (hvis noen): ................... * Lånebeløp trengs: ...................... * Formålet med lån: ......................... * Lån Varighet: .................... ........... * Fødselsdato (åååå-mm-dd): .............. * Kjønn: ...................... ........... *sivilstatus:....................... .. * Pårørende: .......................... .. *Månedlig Inntekt:....................... .. * Telefon: ........................ . ....... * Fax: .......................... . ....... *postnummer:................... * Mobil / mobil: .............. . ........ * Internett hjemme ......................... * E-post: ...................... ........... I erkjennelse av disse detaljene, skal vi sende deg våre vilkår sammen med nedbetaling tidsplan og Hvis du godtar vilkårene, står du å få lån innen 24 timer. Dette avhenger av alvor og at det haster med å få lån. Via e-post: elanfinancialservices112@gmail.com (27624265162) Med Vennlig Hilsen, Mr jack

Mr jack - 30 July 2015

Contact us via email: michealbensonloanagency@gmail.com. Loan application form and return it. Full Name ................. Private phone number ................ Country ................. Address ................ State .............. Age .............. You have applied before or not. ............. Status .............. Loan amount needed. .................. Loan period ................ Occupation................. Monthly Income ...............

Micheal Benson - 28 September 2015

HELLO

ropeart - 17 October 2015

God dag, jeg er en Mrs Titcomb Brown registrert med registreringsnummer (Z8738456) og privat pengene utlåner. Vi gir ut lån for å hjelpe folk, bedrifter som trenger å oppdatere sin økonomiske status over hele verden, med svært Minimal årlige renter så lav som 2% innen 1 år til 30 år gjenværende varighet periode til alle deler av verden. Vi gir ut lån innenfor området på 5000 euro til € 100 millioner i alt valuta. Våre lån er godt forsikret, for maksimal sikkerhet er vår prioritet. Interessert person bør kontakte oss via e-post: (amigoloancompany1@yahoo.co.za) NAVN: Mr Titcomb Brown Registreringsnummer:: Z8738456 TEL: +27784873589 E-POST: amigoloancompany1@yahoo.co.za Kan du svare på kun denne e-posten: amigoloancompany1@yahoo.co.za

Mr Titcomb Brown - 31 October 2015

Good day, I am a Mrs Titcomb Brown a registered with the registration number ( Z8738456 ) and private money lender. We give out loans to assist people, firms who need to update their financial status all over the world, with very Minimal annual Interest Rates as Low as 2% within 1 year to 30 years repayment duration period to any part of the world. We give out loans within the range of 5,000 euro to 100,000,000 euro in all currency. Our loans are well insured, for maximum security is our priority. Interested person should contact us via email:(amigoloancompany1@yahoo.co.za) NAME : Mr Titcomb Brown REGISTRATION NUMBER: : Z8738456 TEL: +27784873589 EMAIL: amigoloancompany1@yahoo.co.za Please reply to this email only: amigoloancompany1@yahoo.co.za

Mr Titcomb Brown - 31 October 2015

TESTIMONY ON HOW TO GOT A LOAN TO START UP MY OWN BUSINESS Hello Everyone, I am Teena Whitecotton Mason, from Orlando Florida, i'm here testifying of a loan lending company that has human feeling and God fearing persons, whom i met on the internet on this faithful day when i was looking for a business loan and where i could get a fast business loan of about $170,000USDollars to start up my own business. i came upon a testimony while searching the internet, someone testifying of a God fearing lender that gave her a loan amount of $80,000USDollars, I thought of giving a try if really the company can help me out of my financial problems, i sent a mail to them MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM This great company responded to my mail and said i should fill the loan borrowers form that they sent to me, which will enable them process the loan immediately and i did, i followed all the procedure given to me and to my greatest surprise the loan was transfer to my bank account in not less than 3 working days. I don't know if you're facing financial problems right now, this company can make your dreams come through cause they made mine come through email them today at MICHAELHOPKINSINVESTMENT@OUTLOOK.COM and you will be happy you did just as i am today. MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM Thanks Teena Whitecotton Mason

Teena Whitecotton Mason - 16 December 2015

TESTIMONY ON HOW TO GOT A LOAN TO START UP MY OWN BUSINESS Hello Everyone, I am Teena Whitecotton Mason, from Orlando Florida, i'm here testifying of a loan lending company that has human feeling and God fearing persons, whom i met on the internet on this faithful day when i was looking for a business loan and where i could get a fast business loan of about $170,000USDollars to start up my own business. i came upon a testimony while searching the internet, someone testifying of a God fearing lender that gave her a loan amount of $80,000USDollars, I thought of giving a try if really the company can help me out of my financial problems, i sent a mail to them MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM This great company responded to my mail and said i should fill the loan borrowers form that they sent to me, which will enable them process the loan immediately and i did, i followed all the procedure given to me and to my greatest surprise the loan was transfer to my bank account in not less than 3 working days. I don't know if you're facing financial problems right now, this company can make your dreams come through cause they made mine come through email them today at MICHAELHOPKINSINVESTMENT@OUTLOOK.COM and you will be happy you did just as i am today. MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM Thanks Teena Whitecotton Mason

Teena Whitecotton Mason - 16 December 2015

TESTIMONY ON HOW TO GOT A LOAN TO START UP MY OWN BUSINESS Hello Everyone, I am Teena Whitecotton Mason, from Orlando Florida, i'm here testifying of a loan lending company that has human feeling and God fearing persons, whom i met on the internet on this faithful day when i was looking for a business loan and where i could get a fast business loan of about $170,000USDollars to start up my own business. i came upon a testimony while searching the internet, someone testifying of a God fearing lender that gave her a loan amount of $80,000USDollars, I thought of giving a try if really the company can help me out of my financial problems, i sent a mail to them MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM This great company responded to my mail and said i should fill the loan borrowers form that they sent to me, which will enable them process the loan immediately and i did, i followed all the procedure given to me and to my greatest surprise the loan was transfer to my bank account in not less than 3 working days. I don't know if you're facing financial problems right now, this company can make your dreams come through cause they made mine come through email them today at MICHAELHOPKINSINVESTMENT@OUTLOOK.COM and you will be happy you did just as i am today. MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM Thanks Teena Whitecotton Mason

Teena Whitecotton Mason - 16 December 2015

TESTIMONY ON HOW TO GOT A LOAN TO START UP MY OWN BUSINESS Hello Everyone, I am Teena Whitecotton Mason, from Orlando Florida, i'm here testifying of a loan lending company that has human feeling and God fearing persons, whom i met on the internet on this faithful day when i was looking for a business loan and where i could get a fast business loan of about $170,000USDollars to start up my own business. i came upon a testimony while searching the internet, someone testifying of a God fearing lender that gave her a loan amount of $80,000USDollars, I thought of giving a try if really the company can help me out of my financial problems, i sent a mail to them MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM This great company responded to my mail and said i should fill the loan borrowers form that they sent to me, which will enable them process the loan immediately and i did, i followed all the procedure given to me and to my greatest surprise the loan was transfer to my bank account in not less than 3 working days. I don't know if you're facing financial problems right now, this company can make your dreams come through cause they made mine come through email them today at MICHAELHOPKINSINVESTMENT@OUTLOOK.COM and you will be happy you did just as i am today. MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM Thanks Teena Whitecotton Mason

Teena Whitecotton Mason - 16 December 2015

TESTIMONY ON HOW TO GOT A LOAN TO START UP MY OWN BUSINESS Hello Everyone, I am Teena Whitecotton Mason, from Orlando Florida, i'm here testifying of a loan lending company that has human feeling and God fearing persons, whom i met on the internet on this faithful day when i was looking for a business loan and where i could get a fast business loan of about $170,000USDollars to start up my own business. i came upon a testimony while searching the internet, someone testifying of a God fearing lender that gave her a loan amount of $80,000USDollars, I thought of giving a try if really the company can help me out of my financial problems, i sent a mail to them MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM This great company responded to my mail and said i should fill the loan borrowers form that they sent to me, which will enable them process the loan immediately and i did, i followed all the procedure given to me and to my greatest surprise the loan was transfer to my bank account in not less than 3 working days. I don't know if you're facing financial problems right now, this company can make your dreams come through cause they made mine come through email them today at MICHAELHOPKINSINVESTMENT@OUTLOOK.COM and you will be happy you did just as i am today. MICHAELHOPKINSINVESTMENTLTD@OUTLOOK.COM Thanks Teena Whitecotton Mason

Teena Whitecotton Mason - 16 December 2015

Good day: If you need an immediate loan to solve your financial needs No, we offer Max up to $ 5,000.00 USD 10,000,000.00 loan, we reliable, efficient, fast and dynamic, with 100% Guaranteed We also credit gives all applicable (euros, pounds and dollars.) interest rate payday loans (3%), if interested get back to us through (markhoppy3@gmail.com) the following information: Your full name: Country: Amount of the loan address: duration: Age: gender: Occupation: Phone number: Thank you. I'm waiting for emergency responders. Mark Hoppy

Mr Mark Hoppy - 17 December 2015

Good day: If you need an immediate loan to solve your financial needs No, we offer Max up to $ 5,000.00 USD 10,000,000.00 loan, we reliable, efficient, fast and dynamic, with 100% Guaranteed We also credit gives all applicable (euros, pounds and dollars.) interest rate payday loans (3%), if interested get back to us through (markhoppy3@gmail.com) the following information: Your full name: Country: Amount of the loan address: duration: Age: gender: Occupation: Phone number: Thank you. I'm waiting for emergency responders. Mark Hoppy

Mr Mark Hoppy - 17 December 2015

TESTIMONY ON HOW I GOT MY LOAN FROM THIS GREAT COMPANY AS A SINGLE MUM williaminvestmentslimited@outlook.com Hello Everyone, I am Mrs. Happy Traveler a single mom from Texas USA, I'm here to share a great testimony on how i got a loan from WILLIAM INVESTMENTS LIMITED when things were so rough for me and my family when i couldn't up pay my bills, After i lost my husband in an autocrash. I tried getting a loan from my bank and some other credit union i visited but was denied loan access. I had to take my children to live with my parents cause i couldn't take care of the due to my present situation, i was all alone in the street. Until a day i shamefully walked into an old school mate who introduced me to William Mason a God fearing lender after explaining to her all i've been through. At first i told her that i wasn't ready to take a risk of requesting a loan online, but she assured me that i will received my loan from them. On a second thought i had to take a trial and applied for the loan, luckily for me i received a loan of $50,000.00 from williaminvestmentslimited@outlook.com I'm happy today cause my family is reunited thank God i took the risk and applied for the loan. now i own a home and a business of my own. All thanks and gratitude goes to God and WILLIAM INVESTMENTS LIMITED for giving me a meaning to life when i had lost all hope. If currently your'e seeking for a loan assistance, you can reach to their email williaminvestmentslimited@outlook.com once again williaminvestmentslimited@outlook.com

Happy Traveler - 18 December 2015

TESTIMONY ON HOW I GOT MY LOAN FROM THIS GREAT COMPANY AS A SINGLE MUM williaminvestmentslimited@outlook.com Hello Everyone, I am Mrs. Happy Traveler a single mom from Texas USA, I'm here to share a great testimony on how i got a loan from WILLIAM INVESTMENTS LIMITED when things were so rough for me and my family when i couldn't up pay my bills, After i lost my husband in an autocrash. I tried getting a loan from my bank and some other credit union i visited but was denied loan access. I had to take my children to live with my parents cause i couldn't take care of the due to my present situation, i was all alone in the street. Until a day i shamefully walked into an old school mate who introduced me to William Mason a God fearing lender after explaining to her all i've been through. At first i told her that i wasn't ready to take a risk of requesting a loan online, but she assured me that i will received my loan from them. On a second thought i had to take a trial and applied for the loan, luckily for me i received a loan of $50,000.00 from (williaminvestmentslimited@outlook.com ) I'm happy today cause my family is reunited thank God i took the risk and applied for the loan. now i own a home and a business of my own. All thanks and gratitude goes to God and WILLIAM INVESTMENTS LIMITED for giving me a meaning to life when i had lost all hope. If currently your'e seeking for a loan assistance, you can reach to their email williaminvestmentslimited@outlook.com once again williaminvestmentslimited@outlook.com

Happy Traveler - 20 December 2015

TESTIMONY ON HOW I GOT MY LOAN FROM THIS GREAT COMPANY AS A SINGLE MUM williaminvestmentslimited@outlook.com Hello Everyone, I am Mrs. Happy Traveler a single mom from Texas USA, I'm here to share a great testimony on how i got a loan from WILLIAM INVESTMENTS LIMITED when things were so rough for me and my family when i couldn't up pay my bills, After i lost my husband in an autocrash. I tried getting a loan from my bank and some other credit union i visited but was denied loan access. I had to take my children to live with my parents cause i couldn't take care of the due to my present situation, i was all alone in the street. Until a day i shamefully walked into an old school mate who introduced me to William Mason a God fearing lender after explaining to her all i've been through. At first i told her that i wasn't ready to take a risk of requesting a loan online, but she assured me that i will received my loan from them. On a second thought i had to take a trial and applied for the loan, luckily for me i received a loan of $50,000.00 from (williaminvestmentslimited@outlook.com ) I'm happy today cause my family is reunited thank God i took the risk and applied for the loan. now i own a home and a business of my own. All thanks and gratitude goes to God and WILLIAM INVESTMENTS LIMITED for giving me a meaning to life when i had lost all hope. If currently your'e seeking for a loan assistance, you can reach to their email williaminvestmentslimited@outlook.com once again williaminvestmentslimited@outlook.com

Happy Traveler - 20 December 2015

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