Leo takeover reports premature
BUSINESS
By BiztechAfrica - Jan. 13, 2012, 2:04 p.m.
Namibian authorities say no approval has been given yet for a buyout of Leo by Telecom Namibia.
Reports this week said Telecom Namibia had taken over management of mobile operator Leo, owned by Powercom. Telecom Namibia said the reports were unfounded.
The Communications Regulatory Authority of Namibia (Cran) and the Namibian Competition Commission (NaCC) say the NaCC has received an application but Cran has yet to receive an application from Telecom Namibia for the acquisition of Powercom.
Both authorities must approve the acquisition.
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Red tape slows business in AfricaThe sheer complexity of travelling to many African countries is hampering the roll-out of business there, says Carlos Ferraz, GM of Motorola Solutions.
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Africa must think beyond blue collar jobsPan-African job creation initiatives need to look beyond basic job creation, to high level ICT skills development, to develop the economies, says Greg Vercellotti, executive director at Dariel Solutions.