Monday, October 19

Econet Telecom Shuts Down In 13 Countries

BILLIONAIRE and Zimbabwe’s telecoms mogul, Strive Masiyiwa’s Mauritius incorporated Econet Media Limited, has put up for sale its shares in the satellite broadcast business in 13 countries, mostly African, after going insolvent, having reportedly racked up millions of dollars in liabilities.

The Mauritius-headquartered group, which mainly traded under the brands Kwese TV or Econet Media, is also selling its interest in free-to-air television and digital distribution of media content.

Econet Media, a unit of Econet Wireless International, which operated as Kwese TV in Zimbabwe, but closed after finding the going tough, had racked up over US$130 million in external liabilities before being placed under voluntary administration after failing to pay suppliers.

The business, controlled by the South Africa-based Zimbabwean businessman, then hired Ernst and Young’s Paul Gerald Lincoln, a licensed insolvency practitioner, in an effort to salvage the business.

Efforts to get a comment from Econet Wireless Zimbabwe spokesman Fungayi Mandiveyi, were fruitless yesterday after he said he could not talk as he was in “the middle of commitments”.

But the company said in a statement yesterday, said it was selling its shares in Econet Media or Kwese TV in South Africa, Botswana, Nigeria, Ghana, Dubai, Kenya, Malawi, Lesotho, Rwanda, Tanzania, Uganda, Zambia and Mauritius. “Offers are invited for the purchase of the company’s shares held in the above mentioned subsidiaries/associates or the business activities,” Econet Media said in an invitation to tender.

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How a Truck Accident Lawyer Maximizes Your Injury Claim Settlement

Truck accident lawyers specialize in handling high-value injury claims involving commercial vehicles. Because trucking companies carry substantial insurance policies, these cases often involve large settlements. However, insurers also deploy aggressive defense tactics to reduce liability. An experienced attorney understands these strategies and counters them effectively, ensuring that victims receive fair compensation for injuries and damages.

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A strong claim requires detailed evidence, including accident reports, expert testimony, and medical documentation. Truck collision attorneys also analyze black box data and driver compliance with safety regulations. By building a comprehensive case, they increase the likelihood of securing compensation that covers long-term medical care, rehabilitation, and financial losses.

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Assisted living can provide seniors with housing, meals, personal care, medication support, social activities, and help with daily tasks. But the cost can be a major concern for families.

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Assisted living costs vary based on location, facility type, room size, care needs, and services included. Some communities charge a base monthly fee, while others add costs for medication management, bathing assistance, memory care, transportation, or special medical needs.

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Families should ask what is included in the monthly price. Meals, housekeeping, laundry, utilities, activities, and basic care may be included, but higher levels of care may cost extra.

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Memory care is usually more expensive than standard assisted living because it provides specialized support for people with Alzheimer’s disease or dementia.

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Medicare usually does not pay for long-term assisted living room and board. Medicaid may help in some states for eligible individuals, but rules vary. Long-term care insurance may also help if the policy includes assisted living benefits.

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Families may pay through retirement savings, pensions, Social Security, home sale proceeds, long-term care insurance, or family contributions.

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Before choosing a facility, visit in person. Pay attention to cleanliness, staff attitude, safety, food quality, resident activities, and how residents are treated.

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Ask about staffing levels, emergency procedures, medication policies, move-out rules, price increases, and care assessments.

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Planning early can reduce stress. Waiting until a crisis happens may limit choices and increase pressure.

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Assisted living is not just about cost. It is about safety, dignity, comfort, and quality of life. The right community can help seniors stay independent while getting the support they need.

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Families should compare options carefully and choose a place that fits both care needs and budget.

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