Masiyiwa denied licence to operate free-to air television in South Africa


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Strive Masiyiwa pic by World Economic Forum

Strive Masiyiwa, Member, Africa Progress Panel, and Founder, Econet Wirelessat the World Economic Forum on Africa 2013. Copyright by World Economic Forum / Benedikt von Loebell[/caption]Zimbabwean business mogul Strive Masiyiwa has been denied a licence to operate free-to-air television broadcasting in South Africa.

According to TechCentral Hola Media, one of whose principal backers is Liquid Telecom, the pan-African fibre telecommunications firm controlled by Strive Masiyiwa’s Econet Group, was one of the five companies whose licence application was rejected by the Independent Communications Authority of South Africa.

TechCentral said the applications were rejected on a number of grounds, including foreign shareholding, ownership by historically disadvantaged individuals, corporate status and finances.

Masiyiwa, who owns Zimbabwe’s largest mobile phone operator, Econet, launched a pay TV service called Kwese TV last year.

Kwese is a Shona word, the majority language in Zimbabwe, which means Everywhere

Masiyiwa, still considered Zimbabwe’s richest man, has seen his fortunes tumble falling out of the top 50 richest men in Africa.

 

See also:

20 Things you don’t know about Strive Masiyiwa

Econet Global gets $500 million Chinese loan facility

Econet and Steward Bank: Corporate bullying with a huge stink

Delta, Econet among top 30 companies in sub-Saharan Africa

Econet says it has paid nearly $1bn taxes in five years

(280 VIEWS)

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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