Afrimax says ‘new ownership’ for Vodafone-branded Zambia operation
Afrimax, the company that has run a number of mobile operations in Africa under the Vodafone brand, says Vodafone Zambia will have “new ownership”.
The company said in a brief statement that it will announce a new CEO – in succession to Lars Henrik Stork, who is retiring – and “other structural changes including new ownership of Vodafone Zambia”.
Vodafone’s corporate headquarters in the UK shrugged off an enquiry from Capacity by saying: “This is a former partner market that we no longer have an association with.”
But Afrimax appears to have been unwinding a lot of activities across Africa – some using the Vodafone brand – over recent months.
In February Afrimax Uganda lost the right to trade as Vodafone Uganda after going into creditor protection, with debts said in local media to be almost 300 billion Uganda shillings ($78 million).
That followed months after Afrimax’s operation in Cameroun, also branded as Vodafone, closed down after a licensing dispute.
Those two closures left only Zambia in the Afrimax portfolio, also operating until now as Vodafone under the UK-based group’s Partner Markets scheme. Now the Zambian business appears to be about to change.
Gilbert Temba, chair of the Afrimax board, gave no hint about the “structural changes” that face Vodafone/Afrimax Zambia.