TELECEL ZIMBABWE’S DO-OR-DIE MEETING: Can the telco giant bounce back?

Telecel Zimbabwe is holding a make-or-break meeting with creditors and members on April 15, 2026, as it struggles to navigate corporate rescue. The company, Zimbabwe’s third-largest mobile network operator, entered voluntary corporate rescue in October 2025 due to crippling debt and dwindling market share.

Bulisa Mbano of Grant Thornton, the Corporate Rescue Practitioner, has summoned creditors and members to the Zimbabwe Agricultural Showgrounds to discuss the way forward. To participate, creditors must submit proof of claims by April 10, 2026.

The meeting is crucial, and stakeholders are watching closely to see if Telecel can turn things around.

John Tanyanyiwa

Business

ZIMBABWE TARGETS NEW EXPORT MARKETS AS MERCHANDISE EXPORTS SURGE TO US$10.4 BILLION

Zimbabwe is stepping up efforts to translate growing export earnings into lasting international supply partnerships, with merchandise exports rising by 61 percent to US$10.4 billion in the first nine months of 2026, as the Government intensifies economic diplomacy and market-access initiatives to expand the country’s presence in regional and global trade. The export performance, announced […]

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Business

Kavango’s Hillside Gold Project Takes Major Step Forward

Kavango Resources has announced the successful commissioning of its 50 tonne per day gold processing plant at the Hillside Gold Project in Zimbabwe. The plant, which includes crushing, milling, gravity concentration and carbon-in-leach circuits, is a proof-of-concept facility designed to optimise processing performance and support the development of a larger commercial-scale plant. The Ministry of […]

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Business

Government Slams Shurugwi Violence, Calls for Peaceful Resolution

The Ministry of Mines and Mining Development has strongly condemned the violent clashes between artisanal miners and mine security personnel at Wanderer Mine Site Number 4 in Shurugwi, Midlands Province, on 3 November 2026. The incident, which left two security personnel hospitalised and five excavators burnt, is a stark reminder of the need for peaceful […]

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