On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Econet Wireless, the only listed technology company on the Zimbabwe Stock Exchange, released its interim results last week for the six months to December 2002, which showed a dramatic reduction in the company’s debt from a high of nearly $4bn in June to $1,6bn in the period under review.

- Tanzania has issued a tender for the sale of its 27 percent stake in the country’s second-largest mobile phone operator, Mobitel, as part of its continuing privatisation programme.