Zimbabwe: Telecel Deal Meant to Deceive the Public Whilst Facilitating Proxy Shareholding to Grace Mugabe, Says Former NetOne Boss

5 January 2018

Telecoms

Disgruntled former NetOne CEO Reward Kangai has written to the new President Emmerson Mnangagwa appealing for the Telecel deal to be investigated as it was meant to hoodwink the public whilst facilitating shareholding to former First Lady Grace Mugabe and Information Technology Minister Supa Mandiwanzira.

According to Kangai, the government's purchase of Telecel, a move that was initiated by Mandiwanzira at a time when government already owned 100% shareholding in NetOne and had, over the years, failed to adequately capitalise the company, cannot possibly have been in the interest of Zimbabwe and its citizens.

Kangai is currently making frantic efforts to force corruption investigations against Minister Mandiwanzira by the Zimbabwe Anti-Corruption Commission (ZACC) and has since written to the Prosecutor General.

But Mandiwanzira has since dismissed the allegations saying they were coming from a "discredited", "angry" and "corrupt" former NetOne employee.

In a letter dated 27 December 2017 to President Mnangagwa, Kangai said under the POTRAZ Chairmanship of Ozias Bvute, US$10 million of funds from Universal Services Fund (USF) were used as part-payment of 60% share-holding in Telecel. The remaining $30million came from NSSA. Read the full article on New Zimbabwe.com here