Telecel Zimbabwe has appointed new board members to replace outgoing members.Hopefully, this solves board room issues that have for a long time been toxic to the business and threatening to sink the ship.
TechnoMag can reveal that the newly appointed Telecel board members are Nomsa Jowah and Edward Mapokotera coming mainly from the Telecel International stake side, which owns 60% through the government.
They join Selby Hwacha for government while James Makamba and Jane Mtasa represent their 40% Economic Empowerment.
Nomsa Jowah was the technical Manager at Telecontract (Pvt) Ltd. Previously, she was also a Telecel Zimbabwe employee and she comes in from a strong legal background.
Deputy Minister of ICT Jenfan Muswere confirmed the development stating that the minister of ICT Kazembe Kazembe introduced the board members to Telecel Zimbabwe executives yesterday
Edward Mapokotera was the Zimbabwe Stock Exchange lawyer and MMC capital director after leaving the now defunct Zimbabwe Allied Banking Group (ZABG) as general manager.
The two replace Babra Rwodzi, who is now into active politics after winning a seat as a member of parliament. Details are still sketchy on Francis Mawindi , who is currently battling suspension from the board.
The latest appointments however, are not a milestone if the government does not fix the major problem at Telecel Zimbabwe which is shareholder reconstitution.
Telecel Zimbabwe shareholders have not been pumping any investment into the asset.
The committed shareholder at Telecel Zimbabwe must pump in investment to allow the asset to move forward competitively, otherwise both shareholders must give in to a new investor with capacity and reduce their shareholding in the interest of the business.