Lerato Motsei, Executive Head Of Research And Innovation From Dimension Seven

Loading player...
Gugu Mfuphi talking African Economies: Zambia Cancels Licence Of Vodafone Franchise Holder Citing Poor Capacity with Lerato Motse
Zambia’s communications regulator said on Thursday it had cancelled the licence for Vodafone’s local franchise holder, citing a lack of technical and financial capacity.
Vodafone in 2016 licenced Afrimax, a telecommunications service provider in sub-Saharan Africa to offer customers high speed 4G data services using the Vodafone Zambia brand.
The company, registered as Mobile Broadband Ltd has lately been experiencing operational problems and issued a statement in July saying its shareholders had failed to recapitalise it.
Zambia Information and Communications Technology Authority said in a statement Vodafone Zambia would cease to operate from Oct. 20.
“The Zambia Information and Commmunications Technology Authority has cancelled network and service licences issued to Mobile Broadband Limited trading as Vodafone Zambia Limited,” it said in a statement.
“The cancellation is on the grounds that Mobile Broadband Limited has ceased to fulfil the eligibility requirements … by not being technically and financially capable of meeting the obligations and terms and conditions of the licence.”
No one at the company was immediately available to comment.
30 Sep 2019 9AM English South Africa Business News · Investing

Other recent episodes

Pivot Point: Shaping Africa’s Energy Future

Ndapwilapo Selma Shimutwikeni, Founder and CEO of RichAfrica Consulting, shares insights on transforming Africa’s natural resource potential into sustainable economic growth. We explore investment opportunities in oil and gas, the Orange Basin, Namibia’s energy policy, ESG strategies, and how African countries can better leverage natural resources for long-term development.
12 Mar 1PM 38 min

Standard Bank Group Posts Strong 2025 Results

Standard Bank Group has closed 2025 on a strong note, reporting headline earnings of R49.2 billion and a return on equity of 19.3%, hitting the top end of its ROE target range. CEO Simpiwe “Sim” Tshabalala joins us to unpack the drivers behind the bank’s performance, including growth in digital…
12 Mar 1PM 11 min

South Africa’s Mining Sector Off to a Strong Start

Stats SA reports a 4.6% rise in mining output and a 31.7% jump in mineral sales year-on-year for January. Mining analyst Peter Major breaks down which minerals are driving growth, whether gains are linked to prices or volumes, and what these trends mean for investors and the South African economy.
12 Mar 1PM 11 min

INSIDE YOUR POCKET: Retirement Under Pressure: Rising Debt Among Older South Africans

As South Africa’s population ages, more seniors are turning to credit to cover everyday expenses. Andrew Fulton, Director at Eighty20, explores the financial realities for “Humble Elders” and “Comfortable Retirees,” why defaults among seniors are rising, and what this means for families, policymakers, and the broader economy.
12 Mar 1PM 13 min

Sanlam Delivers Strong 2025 Results and Pan-African Expansion

South Africa’s leading financial services group, Sanlam, achieved record new business of R496 billion, with net client cash flows more than doubling. CFO Abigail Mukhuba discusses the group’s operational performance, Pan-African growth strategy, strategic acquisitions like Assupol and Shriram Finance, the launch of the ZARU stablecoin, and how the company…
12 Mar 1PM 11 min