Empowerment Corporation

The topsy-turvy 40 percent ownership saga of Telecel Zimbabwe’s shares, which are held by Empowerment Corporation (EC) has taken a new twist amid claims and counterclaims between the local grouping’s company secretaries, James Makamba and…
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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.
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By John Kachembere The disposal of Telecel Zimbabwe (TZ) by its international parent VimpelCom Limited (VimpelCom) continues to be mired in controversy as James Makamba’s Empowerment Corporation (EC) has threatened to sue the…
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By Paul Nyakazeya Market watchers and telecoms experts this week questioned government’s decision to take over Telecel Zimbabwe, considering that it already controls NetOne and TelOne, the fixed line and mobile telecommunications firms,…
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HARARE - Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator.
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HARARE - Empowerment Corporation (Private) Limited (EC) shareholders have “buried the hatchet”, with company chairman James Makamba calling off a Friday extraordinary general meeting (EGM) and subsequent deal to sell their 40 percent stake…
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HARARE - Magamba Echimurenga (Magamba) co-founder Andrew Ndlovu has lashed out at Patrick Zhuwao, saying President Robert Mugabe’s nephew was a “money-hungry” man taking advantage of his relations to the Zanu PF leader.
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HARARE - Flamboyant businessman Phillip Chiyangwa has said 60 percent of shares in Telecel Zimbabwe (Private) Limited (Telecel), owned by Amsterdam-based Vimpelcom, must be sold to local Zimbabweans.
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HARARE - Empowerment Corporation (Private) Limited (EC)’s February 20 extra-ordinary general meeting (EGM) to ratify the sale of its 40 percent stake in Telecel Zimbabwe (Private) Limited (Telecel) hangs in the balance after key shareholder…
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HARARE - An unissued 30 percent shares — at the centre of a dispute between Empowerment Corporation (Private) Limited (EC)’s founding shareholders — were equitably distributed among sitting investors of the Telecel Zimbabwe (Private)…
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