Current Affairs
Struggling Telecel Seeks Investor to Avoid Collapse
Telecel Zimbabwe has been placed on the market as the embattled mobile operator struggles under a debt load exceeding US$240 million, raising the risk of liquidation if no investor is secured.
Business rescue specialists from Grant Thornton have called on interested parties to submit bids for a stake in the company. The move forms part of efforts to help Telecel exit a court-managed rehabilitation process that began in October 2025.
Prospective investors were required to lodge their offers by April 28, 2026. However, full financial details are only accessible to those who sign confidentiality agreements, highlighting the sensitivity of the transaction.
Once a notable competitor in the sector, Telecel Zimbabwe is now facing mounting financial strain. Its subscriber numbers fell sharply to just over 319,000 by mid-2025, reflecting a steady erosion of its customer base.
Its market share has also dwindled to under 2%, leaving it far behind dominant players such as Econet Wireless Zimbabwe and NetOne, which continue to control most of the market.
Network limitations have further weakened Telecel’s competitiveness. The operator has a relatively small number of LTE base stations and has yet to roll out 5G services, putting it at a disadvantage in a market where coverage and speed are key.
Experts say any potential investor would need to inject substantial capital—not only to stabilise the business but also to upgrade and expand its infrastructure.
One asset that still holds some promise is Telecel’s mobile money service, Telecash. However, it faces stiff competition from EcoCash, which dominates the digital payments space.
The company’s situation has also sparked concerns about the broader telecoms landscape in Zimbabwe. Failure to find a buyer could effectively leave the market with only two major operators, reducing competition.
Analysts warn that less competition could impact pricing, service standards and innovation, as rivalry is a key driver of progress in the industry.
Telecel’s difficulties stem from long-standing structural and ownership challenges. Founded in 1998 as a joint venture, the company later became embroiled in disputes linked to Zimbabwe’s indigenisation policies.
In 2015, the government moved to acquire a 60% stake from VimpelCom for US$40 million, though financial constraints delayed completion. The deal was finalised in April 2016 but remained contested by Empowerment Corporation, which held a 40% stake and challenged the transaction.
Following the takeover, the absence of strong foreign investment and technical backing contributed to a gradual decline in service quality and subscriber numbers.
Now, six months into corporate rescue proceedings, the proposed sale represents a last effort to keep the operator afloat. Its future will depend on whether investors see an opportunity for recovery or judge the risks too significant.
The outcome will not only determine the fate of Telecel Zimbabwe but could also reshape competition within the country’s telecommunications sector.
Current Affairs
President Orders Transparency on Urban State Land Allocations Since 2005
PRESIDENT Emmerson Mnangagwa has directed that the findings of the Commission of Inquiry led by Justice Tendai Uchena into the sale of State land in urban areas across all 10 provinces, dating back to 2005, be officially published for public access.
The instruction was communicated through General Notice 608 of 2026, released in the Government Gazette by Chief Secretary to the President and Cabinet, Martin Rushwaya.
“It is hereby notified that His Excellency, the President, in terms of Section 62 of the Constitution, has directed the publication of the report of the Commission of Inquiry into the Matter of Sale of State land in and around Urban Areas since 2005, the notice said.
The investigation examined the disposal of State land in major urban centres and provinces, including Harare and Bulawayo metropolitan areas, as well as Matabeleland North and South, Mashonaland East, West and Central, Midlands, Manicaland and Masvingo.
The commission, established in 2018 and chaired by Justice Uchena, was formed in response to the rapid rise of illegal settlements in urban areas, largely attributed to unlawful land sales by so-called land barons.
It was created through Statutory Instrument 11 of 2018, which amended Statutory Instrument 102 of 2017 that initially set up the inquiry into the sale of State land in and around urban areas since 2005.
Among its responsibilities, the commission was tasked with identifying all State land designated for urban development and allocated to the Ministry of Local Government, Public Works and National Housing since 2005.
It also investigated the ownership status, occupation, and development of the land, while examining how current occupants and beneficiaries acquired or were allocated the land.
Additionally, the commission sought to identify individuals and entities involved in the allocation, occupation, and use of the land. It was empowered to conduct site visits, summon witnesses, record testimonies, and compile detailed documentation to support its findings.
The commission was further authorised to probe any other relevant issues connected to the inquiry and to present a comprehensive written report with its conclusions and recommendations to the President.
Current Affairs
Confirmed! 14 Perish In Cross Border Bus Accident
Suswe, Zimbabwe – A tragic road accident occurred on Tuesday, claiming the lives of fourteen individuals and injuring several others. The incident involved a cross-border bus at the 176-kilometer peg along the Harare-Nyamapanda highway, near Suswe.
National police spokesperson Commissioner Paul Nyathi officially confirmed the fatality in a statement. He reported that the accident took place on Tuesday afternoon, approximately at 1:00 PM, involving a BRD Luxury Coach bus en route to Malawi from Cape Town, South Africa.
Initial assessments by police officers at the scene indicated that 14 people succumbed to their injuries. The bus was transporting a total of 63 passengers. The injured victims were promptly transported to Mutoko District Hospital and Kotwa District Hospital for medical attention. Further details regarding the incident are expected to be released as investigations progress.
Local authorities, including the Mutoko Rural District Council and Mudzi Rural District Council, reportedly responded swiftly to the scene, deploying emergency vehicles to provide assistance and support during the critical aftermath of the accident.
Current Affairs
Zimbabwe’s Tourism Sector Soars 14%
Zimbabwe’s tourism sector demonstrated significant growth in the first quarter of 2026, with receipts increasing by 14 percent to US$251 million, up from US$221 million in the same period last year. International tourist arrivals also rose by 11 percent, indicating a strong recovery for a key foreign currency earner following the global pandemic.
The COVID-19 pandemic, which emerged in December 2019, severely impacted the tourism industry due to national lockdowns and travel restrictions imposed by the World Health Organization. However, the sector has shown robust signs of recovery.
According to the latest figures from the Zimbabwe Tourism Authority (ZTA), international tourist arrivals reached 384,561 in the first quarter of 2026, an increase from 347,555 during the corresponding period in the previous year. This growth suggests sustained demand and improved competitiveness for the destination.
Africa remained the primary source market, accounting for 75 percent of total arrivals in the quarter under review, a slight decrease from 76 percent in the same period last year.
Recent strategic initiatives and a heritage-based tourism approach have contributed to Zimbabwe’s positioning as a rapidly growing tourism destination in Africa. The country has received notable international recognition, including Tourism Minister Barbara Rwodzi being named Africa’s Best Minister of Tourism. Zimbabwe was also awarded Best Natural Destination – Wonders by PATWA during ITB Berlin. Additionally, Forbes listed Zimbabwe among the world’s must-visit destinations, enhancing its global tourism appeal.
Minister Rwodzi was also recognized as the top-performing Cabinet minister for 2025.
The tourism sector’s growth agenda received further impetus in February with the appointment of Dr. George Manyaya as the new Chief Executive Officer of the Zimbabwe Tourism Authority (ZTA). This appointment is viewed as a strategic move to enhance destination marketing, strengthen investor confidence, and preserve Zimbabwe’s tourism heritage. The increase in tourism receipts, from US$221 million to US$251 million, highlights the sector’s strategic importance as a significant foreign currency earner and an economic growth driver for Zimbabwe.
The ZTA attributes this performance to the country’s rising global profile and the resulting increase in confidence in the destination. The authority reported an 11 percent increase in international tourist arrivals and a 14 percent growth in tourism receipts. This performance is supported by international accolades, including recognition by Forbes and the ‘Destination of the Year for Natural Wonders’ award at ITB Berlin 2026, alongside Minister Barbara Rwodzi’s recognition as Tourism Minister of the Year (Africa) for the sector’s recovery and strategic growth.
Improved air connectivity, expanded domestic and regional flight networks, and cluster-based tourism development initiatives have supported the positive trajectory of the sector.
Domestic tourism emerged as a significant growth area, with trips rising to 2.62 million from 1.94 million last year. This increase was largely driven by social travel, religious tourism, and education-related visits.
Internationally, growth in arrivals was recorded across all major source markets. Arrivals from Africa increased by nine percent, while overseas markets experienced a stronger 16 percent growth. The share of overseas markets slightly increased from 24 percent in 2025 to 25 percent in 2026. The growing contribution from overseas tourists, who typically have higher spending patterns, is enhancing the overall value of tourism inflows.
Despite the overall positive trend, the sector has encountered challenges, particularly due to geopolitical tensions in the Middle East. These tensions led to route disruptions and rising fuel costs, contributing to a 12 percent decline in inbound tourism in March alone. The conflict affected all source markets, with long-haul overseas arrivals being particularly impacted due to their reliance on international flight connectivity.
National average hotel occupancy levels showed a marginal improvement to 38 percent during the quarter, up from 37 percent in the corresponding period last year. However, performance varied across provinces. Manicaland recorded a notable recovery in hotel occupancies, increasing to 42 percent from 27 percent, and Mashonaland East also saw progress, rising to 19 percent from 11 percent. Conversely, hotel occupancy rates in Mashonaland Central declined by nine percentage points to 17 percent, and Matabeleland South decreased to 10 percent from 16 percent last year. Harare recorded an average hotel room occupancy of 45 percent, down from 48 percent, while Bulawayo saw a slight decrease to 36 percent from 37 percent.
Tourism investment registered a significant increase, largely driven by a recent ZTA registration blitz that formalized previously unregistered tourism facilities. As a result, investments into the sector improved by 438 percent to US$67.8 million in the first quarter of this year.
The ZTA, operating under the mandate of the Tourism Act of 1996 [Chapter 14:20], conducted a nationwide blitz during the first quarter to enforce compliance with registration and licensing requirements across the tourism value chain.
This initiative aims to ensure that all tourism operators, including accommodation providers and tour operators, adhere to legal and prescribed standards.
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