Telecom

Tanzanian Ali Mufuruki to acquire majority stake in Wananchi Cable Ltd

Tanzanian Ali Mufuruki to acquire majority stake in Wananchi Cable Ltd
Wednesday, 10 July 2019 17:04

Tanzanian businessman Ali Mufuruki (photo) takes moves to increase his shares in Wananchi Cable Ltd, a company specializing in providing Internet access, voice and pay TV, under the Zuku brand. Ali Mufuruki, who already owns 35% of Wananchi Cable Ltd, wants to take control of the subsidiary to strengthen his position in the local telecommunications sector.

Wananchi Cable Ltd is a subsidiary of the Kenyan company Wananchi Group Holdings. In Tanzania, where it launched activity in 2017, the market is quite competitive, with offers ranging between fixed technology, mobile, satellite and wifi services.

The acquisition of new shares in Wananchi Cable Ltd is currently subject to approval by the Fair Competition Commission FCC, in accordance with the provisions of the Fair Competition Act No. 8 of 2003 and the 2018 Competition Rules. The Commission is calling any party with an interest in this transaction to submit complaints and other opinions that will help it to make a “fair and reasonable decision.”

On the same topic
Reliable, high-capacity international connectivity is crucial for driving economic growth, enabling digital services, and promoting regional...
• Morocco to build 500 MW green-powered data center in Dakhla to boost cloud infrastructure• Part of Digital Morocco 2030, aiming for data sovereignty and...
• Cameroon and Chad plan to launch free mobile roaming by August 11, following a joint coordination meeting in N'Djamena• The move revives a stalled CEMAC...
By investing in shared, open-access fibre networks, Vodacom and Maziv can help drive more affordable retail broadband pricing and reduce barriers for...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
03

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
04

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
05

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.