More Africa NewsNetworksTanzania: Ali Mufuruki wants to acquire a majority stake in Wananchi Cable Ltd

July 11, 2019by myles

Tanzanian businessman Ali Mufuruki wants to increase his stake in Wananchi Cable Ltd, a company specializing in the provision of Internet access, voice and pay-TV (triple play) under the brand Zuku. Ali Mufuruki who already owns 35% of Wananchi Cable Ltd actually wants to take control of the subsidiary to strengthen its position in the local telecommunications sector.

Wananchi Cable Ltd is a subsidiary of the Kenyan company Wananchi Group Holdings. In Tanzania, where the company entered in 2017, the market is quite competitive. It is disputed by a plurality of operators who offer their service as well by fixed technology, as by mobile, satellite and wifi.

The acquisition of new shares of Wananchi Cable Ltd is currently subject to the approval of the Commission of the healthy competition, in accordance with the provisions of the law n ° 8 of 2003 on the healthy competition and the rules on the competition of 2018. She has invited any party with an interest in this operation to present her complaints and other opinions that will help her to take “a fair and reasonable decision”.

Source: Agence Ecofin

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