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
Plan aims to build a fully digitized health system by 2029 Strategy centers on unified data, secure platforms, and wider digital...
Partnership seeks to boost local gaming and gamification solutions Program will build a national platform for start-ups across key sectors Initiative...
Zambia launches a three-pillar strategy focused on energy security, national infrastructure sharing and faster rollout of telecom towers. The...
Supports National AI Strategy to boost digital skills and job readiness Govt promotes AI tools, coding, and data-driven learning in institutions...
Most Read
01

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
02

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions
03

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
04

Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...

Ghana to Allocate $2.8 Billion for Road Development in 2026
05

Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...

Somalia’s President Sheikh Mohamud Signs Multiple Cooperation Agreements in Algeria
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


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.