Dr. Dennis Magaya, the founder and managing director of telecommunications and IT service company, RubieM Technologies, has revealed to a Zimbabwean weekly newspaper that his company has plans to invest US $30 million into the establishment of a telecommunications SIM & mobile broadband modem manufacturing plant.
In the interview with the Sunday Mail, Dr. Magaya says the funding for the project is already in place and once the project commences, it’s likely to be completed within a year and a half. Of the US $30m, US $15m will be injected into the project in the first year and the rest in the following 3 years.
Dr. Magaya, is known in the telecommunications industry for work with Cell C as Head of Customer Applications & Services, and consulting work with Telecom Namibia, ACL Malawi and most recently, Africom in the roll-out of the new CDMA mobile broadband services. Dr. Magaya has also done consulting work in the negotiations for the acquisition of state owned mobile operator, NetOne by MTN.