Zamtel sale to be reversed?
GOVERNMENT| Nov. 21, 2011, 2:30 p.m.
Last year’s sale of Zamtel to LAP Green Networks might be reversed, say reports.
Zambia’s new president, Michael Sata, is reported to have announced that the sale of Zamtel to LAP Green Networks of Libya may be reversed following an inquiry which cast doubt on the way in which it was handled.
LAP Green Networks bought 75% of Zamtel in mid-2010 for over USD257 million.
However, there were allegations that the transaction was not transparent and may have benefited the previous government.
LAP Green Networks has defended the deal, saying it had been done transparently and within the legal framework. The company said it would cooperate with Zambian authorities, but had not yet been approached by officials to discuss the deal.
MORE GOVERNMENT NEWS
Botswana Ministry introduces e-nnovationBotswana’s Ministry of Youth, Sport and Culture (MYSC) is developing ways of getting the local youth to chart the technology waters by coming up with programmes that allow the them to be innovative for the benefit of the nation. Read More
Ghana to build largest data centre in West AfricaThe Ghana government, through the Ministry of Communications, is currently constructing what it believes will be the largest data centre within the West African sub region. Read More
‘Why NCC must intercept your phone calls’Nigeria’s telecom sector regulator, Nigerian Communication Commission (NCC) said it is seeking legal backing to intercept the calls of subscribers to protect them and ensure the security of the nation. Read More
Safaricom dominance under discussion in ParliamentA bill aimed at levelling Kenya’s telecommunications sector by declaring leading operator, Safaricom, as dominant in the industry, is now in Kenya’s parliament. Read More
KRA marks 2 millionth iTax registrationThe Kenya Revenue Authority (KRA), has sealed a major milestone in its organisational transformation journey, with the registration of its 2millionth iTax client. Read More
CBN extends BVN enrolmentThe Central Bank of Nigeria has extended the timeline for the enrolment for the national Bank Verification Number (BVN). Read More
NITA gets a new bossGhana’s President John Dramani Mahama has appointed a 35 year old computer scientist, George Atta-Boateng, as Acting Director General of the National Information and Technology Agency. Read More
Nigeria BVN deadline loomsBank customers in Nigeria are reported to be rushing to register for their biometric banking ID as the deadline for the BVNs looms. Read More
Young entrepreneurs in Rwanda told to be more creativeThe latest YouthKonnekt Hangout hosted by Rwanda’s Ministry of Youth and ICT (MYICT) in partnership with UNDP, ADMA, Tigo, and HeHe Labs, has urged young entrepreneurs to be innovative. Read More
FEATURED STORYBatswana dragging feet in digital migration
More than a month after the deadline for the digital migration from analogue television, few people have shown any pronounced enthusiasm in entering the new digital TV realm.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.