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
Experts commend Rwanda as a model in using ICT and e-GovernancePolicy makers and experts in ICT gathered in Kigali for the Commonwealth e-Governance Forum Africa from 24-25 March 2015 have commended Rwanda as a model in using ICT and e-Governance for sustainable development. Read More
Pay APC N500m, court orders NCC, telcos - NCC appealsAs the presidential election draws near, a Federal High Court has ordered the regulator of the telecoms sector, the Nigerian Communications Commission (NCC) and five other telcos to pay the All Progressives Congress (APC) the sum of N500 million for unlawfully shutting down the party’s presidential campaign fund-raising platform. Read More
CPC reads riot act to telcos, banks, others over consumer rights breachesNigeria’s Director-General, Consumer Protection Council (CPC), Mrs. Dupe Atoki, has warned telcos, banks, Pay TV service providers and others in the country that end is near for the flagrant abuse of customers’ rights. Read More
Togo launches Digital School Togo projectThe West African nation of Togo has launched the pilot phase of ‘Digital School Togo’, a project that is aimed at introducing digital technology in teaching and underpinning the critical importance of ICTs in the education system. Read More
Ghana Presidency gets a new E-Cabinet platformGhana’s cabinet on Thursday witnessed a major boost as the President John Dramani Mahama unveiled a new E–Cabinet platform to used by himself and members of his cabinet. Read More
DRC, World Bank launch construction of CAB5Construction work of the Central African Backbone (CAB) Phase 5 was officially launched this week by Thomas Luhaka, Democratic Republic of Congo VPM in charge of posts, telecoms and ICTs. Read More
Ghana VP woos Japanese power investorsGhana’s Vice President K. B. Amissah-Arthur has concluded his visit to Japan with a call on Japanese investors to take advantage of huge investment opportunities offered by Ghana. Read More
BotswanaPost launches Money Order Corridor to South AfricaAnother trans-border money transfer deal has been revealed by BotswanaPost. This time, Botswana has targeted South Africa after completing a successful deal with ZimPost of Zimbabwe. Read More
NCC resumes 2.6GHz spectrum licensing processThe Nigerian Communications Commission (NCC) has announced the resumption of the process that would lead to the auctioning of licences in the 2.6gigahertz (GHz) spectrum band. Read More
FEATURED STORY2bn priced out of internet access
A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.
BEST READ NEWS
IN DEPTHVillagers get solar training at Barefoot College
The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.
COMPANY NEWSMTN Group Sustainability Report released
MTN Group’s efforts to advance social development in its markets through the integration of sustainable business practices into day-to-day activities, is yielding positive outcomes, the company’s Sustainability ...