Zamtel sale to be reversed?

GOVERNMENT

|
Image: Zambian President Michael Sata. By Zambian Presidency
Zambian President Michael Sata

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Ghana moots lifting of smartphone import tax

The Government of Ghana is set to consider the lifting of import tax duties on smart phones.  Read More

Broadband ‘boosts growth’

Every economy today requires broadband for growth and prosperity, says Joseph Tiampati, Principal Secretary in the Ministry of Information, Communications and Technology. Read More

CAK: all systems go for Universal Service Fund

Kenya's long-awaited Universal Service Fund has finally become a reality and it aims to bridge the digital divide. Read More

Khama spells out ICT roadmap in SONA

In his first National Assembly address after his reelection, Botswana President Ian Khama told the nation that the implementation of the National Research, Science, Technology and Innovation policy (RSTI) has started. Read More

Ghana to launch first phase of National Fibre Network soon

The Government of Ghana is expected to officially commission the completion of work on the fibre optic network connecting the eastern corridor linking Ho in the Volta region and Bawku in the Northern Region of the country by the end of December this year. Read More

Botswana streets to come under surveillance

Selected streets in both big and small cities as well as villages will be under the permanent glare of video surveillance according to recent reports.  Read More

NIPOST facilities to deepen digital transactions

Nigeria’s Ministry of Communications Technology has said the infrastructure of the Nigerian Postal Service (NIPOST) would be deployed to boost digital transactions in the country, especially mobile money services. Read More

US$240 million to create Congo-Brazzaville’s digital economy

Congo-Brazzaville needs 119 billion FCFA (about US$240 million) to create a powerful and competent digital economy. Read More

African, Norwegian leaders discuss accelerated infrastructure development

More than 400 African and Norwegian leaders, including 30 ambassadors from Norway and Africa, discussed how to accelerate African infrastructure through Norwegian-African work, trade and growth at the Norwegian-African Business Summit in Oslo. Read More

Techno Brain introduces SMS Passport Service

Techno Brain has designed, developed and installed a Bulk SMS System for PIS Passport status query for  the Malawi Government’s Immigration Department.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

GSMA: half a billion mobile subscribers in SSA by 2020GSMA: half a billion mobile subscribers in SSA by 2020

The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

Leading through volatility in Africa

For the businesses that are prepared to face the storm and manage the volatility afflicting the continent, there are still huge rewards to be had from doing business ...