Nigeria has opportunity to emerge as a digital powerhouse

Nigeria - digital
powerhouse

SAP delves into
country's opportunity.

Monday, Sep 23rd

Mugabe endorses cancellation of Telecel licence

Mugabe endorses cancellation of Telecel licence.

President Robert Mugabe has given the nod for Telecel Zimbabwe's licence to be revoked, with a cabinet committee now set up to cancel its licence.

Telecel Zimbabwe is the country’s second largest telecoms operator with just below 2.5 million subscribers. It offers other services such as mobile money and mobile insurance.

The government’s decision to cut the firm's licence is not an easy one to execute, sources in Zimbabwe say. Due consideration has to be given to subscribers and employees of the telcos’ its operating licence is to be revoked, they said.

"It's a decision we hear has been taken but this is not the end of this.

"What do you do with the subscribers and the employees; it will boil down to encouraging the foreign shareholder to pay for the licence and for it to be fully compliant with empowerment laws," said a Zimbabwean official with knowledge of developments on the issue.

Supa Mandiwanzira, Zimbabwe’s ICT minister said on Wednesday that the Zimbabwean cabinet had taken the decision to cancel Telecel Zimbabwe's licence.

He said the decision had been taken after it was resolved that Telecel had breached licence renewal payment and indigenisation requirements.

Zimbabwe’s indigenisation process requires that foreign companies be majority controlled by locals.

The licence renewal fees are pegged at $137 million for a 20 year old tenure and Telecel Zimbabwe has reportedly only paid a portion of this and has reneged on settling the fee in full.

"That Telecel Zimbabwe must cease operations because they don't have a licence is a decision that has already been adopted by cabinet. There is a cabinet committee in place to execute the decision by cabinet," said Mandiwanzira.

ALSO ON ITWEB AFRICA

Sage 300 People positions Swift Group for growth Published on 19 September 2019

AWCape was appointed by Swift Holdings Group to supply and implement Sage 300 People.

Mobile money agents cash in on Zimbabwe's cash crunch Published on 17 September 2019

Premiums of up to 40% charged on balances cashed out from mobile wallets as local banks struggle to meet demand for notes and coins.

AfricaCom 2019 to feature new AfricaTech Centre Stage Published on 12 September 2019

New zoned exhibition area dedicated to AI, blockchain, FinTech, cloud, data and security, among other tech topics.