Kwese parent Econet Media put up for sale

Econet Wireless of Zimbabwe has put its media unit up for sale after saying earlier this month it would be closed because of a shortage of foreign currency in the country.

Ernst & Young said in a newspaper advertisement on Friday that it will oversee offers for all or part of the company’s shareholdings in businesses in Botswana, South Africa, Zimbabwe, Lesotho, Zambia, Nigeria, Rwanda, Tanzania, Uganda, Malawi, Mauritius, Ghana, Kenya and Dubai.

Econet Media, which operates under the brands Econet Media and Kwese, runs businesses that offer satellite broadcasting, free-to-air television and digital distribution of media content.  — Reported by Godfrey Marawanyika, (c) 2019 Bloomberg LP

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