Afrimax said in a brief statement that it would announce a new CEO – in succession to Lars Stork, who was retiring – and “other structural changes including new ownership of Vodafone Zambia”. The company started up in 2016, offering wireless internet access using 4G, but without mobile voice and data services.īut it has faced operating and financial difficulties virtually from the start. A year ago Afrimax, the company that has run a number of mobile operations in Africa under the Vodafone brand, and which had a partnership with Mobile Broadband, said Vodafone Zambia would have “new ownership”. However, in July, director Mutale Kapaso told the Lusaka Times that she expected a sale to be completed in August, noting that the company was going through a business rescue process, the Zambian equivalent of administration or of Chapter 11 of the US Bankruptcy Act. The company had given itself until July 2019 to attempt a recapitalisation.

Mobile Broadband, the local group that uses the brand, said it had issued a call for tenders that will be closed on 27 September.Īccording to local reports, the call follows the failure of shareholders of the company to inject new capital to revitalize its operations. The 4G data-only company trading as Vodafone Zambia is up for sale and has set a deadline of next Friday for bids.

Vodacom mobile broadband