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.
Info News
Brain Injury Lawyer: Legal Claims After A Traumatic Brain Injury
A traumatic brain injury can affect memory, mood, speech, sleep, concentration, balance, and daily life. A brain injury lawyer helps victims seek compensation after accidents causing head trauma.
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Brain injuries may happen in car crashes, falls, workplace accidents, sports injuries, assaults, or truck accidents.
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Symptoms may not appear immediately. Headaches, dizziness, confusion, nausea, light sensitivity, and mood changes should be taken seriously.
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These cases require strong medical evidence. Doctors, neurologists, therapists, and life-care experts may help explain the injury’s impact.
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Compensation may include medical care, lost income, future treatment, therapy, pain and suffering, and reduced earning ability.
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Insurance companies may downplay brain injuries because they are not always visible. A lawyer can help document symptoms and long-term effects.
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If an accident caused a traumatic brain injury, legal advice can help protect the victim’s future.
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Pedestrian Accident Lawyer: What Happens If A Driver Hits You?
Pedestrian accidents can cause devastating injuries. A pedestrian accident lawyer helps victims recover compensation when a driver’s negligence causes harm.
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Common causes include distracted driving, speeding, failure to yield, drunk driving, poor visibility, and unsafe turns.
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Pedestrians may suffer broken bones, brain injuries, spinal injuries, internal injuries, and long-term disability.
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After an accident, call police, get medical care, take photos if possible, and gather witness information.
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Drivers and insurance companies may try to blame the pedestrian. They may claim the person crossed outside a crosswalk or was not paying attention. A lawyer can investigate and challenge unfair blame.
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Compensation may include medical treatment, lost wages, pain and suffering, rehabilitation, and future care.
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Pedestrian cases are serious because injuries are often severe. Legal help can protect the victim’s rights.
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