Articles tagged 'james makamba'

Bank set to seize Makamba's mansion in SA 11 June 2018 JOHANNESBURG - James Makamba's sprawling Johannesburg property could soon be confiscated by Absa Bank to recover a $4,5 million (R59 million) debt owed by the Zimbabwe businessman. The debt is understood to have accumulated in mortgage, credit card and vehicle financing accounts the businessma...
Telecel saga takes new twist 28 May 2018 HARARE - The nasty fight for 40 percent of mobile network operator Telecel's shares, which belong to an empowerment consortium, is getting worse — amid damaging claims and counterclaims by the warring parties.
Makamba dribbles Mlotshwa, partners 23 May 2018 HARARE - Another bruising battle is looming at Telecel Zimbabwe (Private) Limited (Telecel) as company chairman James Makamba has furtively sought to eject one of his Empowerment Corporation (EC) partners and board member Gerald Mlotshwa. This also comes as the grabby businessman is locked in ...
Makamba, ED fall out 6 May 2018 HARARE - It never rains but it pours for businessman, James Makamba. Less than five months following his return to his motherland, analysts fear that Makamba could be contemplating going into self-imposed exile once again after falling out with the new government of President Emmerson Mnanga...
Makamba exposed in leaked audio 23 April 2018 HARARE - Businessman James Makamba, who ended 12 years of self-imposed exile four months ago, has been exposed for plotting to bring down Information Communication Technologies (ICT) and Cyber Security minister Supa Mandiwanzira through a coordinated media campaign. A leaked audio recording ci...
Telecel board plans recapitalisation 13 April 2018 HARARE - TELECEL Zimbabwe (Telecel) is planning to invest in network expansion as part of strategies to keep ahead of competition in the country's telecommunication industry. This was revealed by the company's chairperson James Makamba after the six-member board, comprising Francis Mawindi, Se...
Makamba dragged to court 2 March 2018 HARARE - A war veterans group — Magamba Echimurenga Housing Trust (Magamba) — has dragged businessman James Makamba and nine other entities to the High Court demanding an order barring the tycoon from continuing to sale shares in a firm that owns a stake in Telecel Zimbabwe (Private) Limited (Tel...
Top lawyer emerges as Telecel shareholder 19 December 2017 HARARE - Top lawyer Gerald Mlotshwa has emerged as the sole and beneficial owner of Empowerment Corporation (EC)'s 40 percent stake in Telecel Zimbabwe (Telecel) after his partner George has reportedly opted out. The development not only comes as James Makamba's return was expected to help res...
James Makamba returns home 14 December 2017 HARARE – Businessman James Makamba ended 17 years of self-imposed exile when he touched down at the Robert Gabriel Mugabe International Airport yesterday. One of several businessmen and high-profile politicians who fled Mugabe's iron fisted rule, Makamba's unexpected return temporarily brought...
Telecel takeover above board 23 November 2016 HARARE - Netherlands-based integrated telecommunications services operator, VimpelCom, says the disposal of its 60 percent shareholding in Telecel Zimbabwe (Telecel) was above board. This was after Empowerment Corporation (EC), which owns 40 percent in the local mobile operator, had recently t...
Brainworks' Telecel deal reinstated 2 March 2015 HARARE - Empowerment Corporation (Private) Limited (EC)'s shareholders have unanimously agreed to restore Brainworks Capital Management (BCM)'s bid for their 40 percent share in Telecel Zimbabwe (Private) Limited (Telecel), businessdaily has learnt. Patrick Zhuwao, the company's managing direc...
Another Telecel blow for Mutasa 26 February 2015 HARARE - Zimbabwe's High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation (Private) Limited (EC)'s 40 percent stake in Telecel Zimbabwe (Private) Limited (Telecel), thus further muddying the investment firm's boardroom wars. The ruling, however, ...
'Bust Telecel needs $300m' 16 February 2015 HARARE - Zimbabwe's third largest telecommunications company, Telecel, is “technically insolvent” and needs about $300 million to stay afloat, businessdaily has learnt. This is at least according to information contained in Empowerment Corporation (EC)'s court affidavit. EC holds 40 percent...
New twist to Telecel wrangle 14 November 2014 HARARE - Harare businesswoman Jane Mutasa’s Indigenous Business Women Organisation (IBWO) and several other Telecel Zimbabwe (Private) Limited (Telecel) founding shareholders forfeited their Empowerment Corporation (Private) Limited (EC) shares after failing to pay for their allotted scrip, docum...
We paid our fees, Telecel insists 10 January 2014 HARARE - Telecel Zimbabwe (Private) Limited (Telecel) insists that it has paid its licence renewal fees to the government, but was “let down” by one of its bankers in the remittance of the funds. This comes amid reports that Zimbabwe’s second largest mobile operator – by subscriber base – had ...
Using social media to shape lives 21 October 2013 HARARE - James Makamba, founder and chairperson of Telecel Zimbabwe is an adorable figure with more than 90 000 pan African people following his life on Facebook. This is a sudden turn of events for a man, who, at one time was considered a security risk in his  country native Zimbabwe. And ...
Mugabe singles out Telecel 20 September 2013 PRESIDENT Robert Mugabe has – for the first time – waded into the Telecel Zimbabwe (Private) Limited (Telecel) ownership debate, as local investors seek to increase their shareholding in the company. Although the Zanu PF leader has suggested group founder and exiled businessman James Makamba...
Makamba's EC acquires further 11% Telecel stake 7 July 2013 HARARE - Empowerment Corporation (Private) Limited (EC), a local investment group led by businessman James Makamba, has acquired an 11 percent stake in Telecel Zimbabwe (Private) Limited (Telecel) and as it seeks to raise its shareholding to 60 percent. This also comes as the diversely-owned inve...
Telecel indigenisation forges ahead 2 July 2013 HARARE Investment group Empowerment Corporation (Private) Limited (EC) is to increase its shareholding in Telecel Zimbabwe (Telecel), as the mobile group moves to fulfil its licensing obligations, businessdaily can reveal. This also comes as Harare businessman and President Robert Mugabe s nephew...