Econet has taken another step that confirms it’s exit from the media business. In a full-page ad run today Ernst and Young is inviting investors to provide offers for Econet Media’s equity in 29 businesses spread across 14 countries.
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The list tells a story of a business which was well-spread across Africa. Consequently, it serves to confirm that Kwesé TV’s failure was not down to Zimbabwe’s economic turmoil given that Kwese was also present in countries that have relatively well-perfoming economies.