This is an automatically generated PDF version of the online resource tanzania.mom-rsf.org/en/ retrieved on 2019/12/11 at 11:27
Reporters Without Borders (RSF) & Media Council of Tanzania - all rights reserved, published under Creative Commons Attribution-NoDerivatives 4.0 International License.
Media Council of Tanzania LOGO
Reporters without borders

Econet Media Tanzania Limited

Econet Media Tanzania Limited

Econent Media Limited is a limited liability company that was registered in Tanzania with the Business Registry Brela in September 2010 as a broadcasting medium.

The company has two media outlets: TV1 Tanzania and Kwese TV, both free to air television stations. Their websites are www.tv1.co.tz and www.kwese.co.tz respectively. It is part of a bigger diversified global telecommunications group - Econet Wireless Group - with operations and investments in over 15 countries.

Econet Media Ltd. got involved in the Tanzanian media market when the entertainment subsidiary of African telecoms group Econet Wireless concluded a deal to take over Viasat 1 – which until then run TV1 - in 2016. Prior to that, Viasat 1 was owned by Modern Times Group (MTG), a Swedish digital entertainment outfit that also had control of Modern African Productions (MAP) and a majority stake in Trace Africa.

Today, Econet Media Ltd. Holds 49% of TV1 shares. Zimbabwian national Strive Masiyiwa is the Founder and Executive Chairman of Econet. His business interests also include renewable energy, financial services, media and hospitality.

The remaining shares are held by Tanzanian nationals: Dr. Wilbert Basilius Kapinga (41% shares) and Dr. Gideon Kaunda (10% shares).

The Brela show that there are two further shareholders:

Dr Gideon H. Kaunda is a Corporate Lawyer and Communications and Transport Specialist with vast experience in project development and legal advisory services. He is currently the Chairman of Pangaea Securities (EA) Ltd and serves as ad hoc Arbitrator, International court on Aviation and Space Arbitration (IASA) as well as Interim Chairman of the Tanzania's National Investment Company (NICOL). He sits on the Board of the Tanzania Private Sector Foundation (TPSF) as Chairman of the Membership Services and Capacity Building Sub-Committee.

Dr. Wilbert Basilius Kapinga is specialised in corporate law, finance law, banking, privatization, telecommunications and competition law and has over 10 years’ experience of transactions and projects in these areas.

Group CEO of Econet Media Limited/Kwesé is Joseph Hundah, who left Modern Times Group for a position at Econet.

The Company has not filed for the year 2015, 2017 and 2018. The Company has filed statutory forms indicating some changes but same have not been registered due to anomalies.

The company Tax ID number is 110-803-982 and the contact person is the Acting General Manager. Econet Media Lt has 70 employees.

Key facts

Mother Company

Econet Media Limited

Business Form

Private

Legal Form

Limited Liability Company

Business Sectors

Econet Media Tanzania is registered at The United Republic of Tanzania Business Registrations and Licensing Agency (BRELA) and operates a television broadcaster. Other than that the Econet Group operates buisnesses in renewable energy, telcom, financial services, hospitality, insurance, e-commerce, education, bottling, and payment gateway solutions.

Ownership

Company

Econet Media Tanzania Limited

Zimbabwian national Strive Masiyiwa is the Founder and Executive Chairman of Econet. His business interests also include renewable energy, financial services, media and hospitality.

49%
Econet Media Tanzania Limited

Individual Owner

Dr. Wilbert B. Kapinga

is an Attorney in the Mkono & Co Advocates, specialising in corporate law, finance law, privatisation, telecomminications and competition law, and he has over 10 years experience of transaction on projects in these areas.

41%

Dr. Gideon Kaunda

is a Corporate Lawyer and Communications and Transport Specialist with vast experience in project development and legal advisory services. Previously, Dr Kaunda worked as Principal Assistant Counsel and Legal Advisor to the East African Community for eight years (1969-1977) after which he was appointed Representative of the Government of Tanzania on the Council of the Internation Civil Aviation Organisation (ICAO) for a term of six years.
Dr Kaunda rejoined the Government in 1984 and took up various consultancy assignments with the PTA (COMESA), The World Bank, The European Union, among others, prior to being seconded as Special Assistance to the Chief Executive Officer of Alliance Air.

10%
Media Outlets
Other Media Outlets

Other TV Outlets

TV1

Other Online Outlets

tv1.co.tz

Facts

Media Business

Television Broadcasting

Econet Media

Business

none

Following businesses are operated uneder the umbrella of the mother company:

Telecom

Econet Wireless International (Mauritius, Lesotho, South Africa, Botswana, Zimbabwe, Burundi, Nigaria, UK, China)

Hospitality

East Africa DataCentre

Finance Services

Liquid Telecom Payment Solutions

E-Commerce

Cassava Fintech

Insurance

Cassava Fintech

Renewable energy

Solarway (United Arab Emirates, Portugal)

Education

Ruzivo (Zimbabwe)

Telcom

cumii technologies

Agriculture

Drone Africa

Game Monitoring

Drone Africa

Mapping and Surveying

Drone Africa

General Information

Founding Year

Missing Data

Founder

Strive Masiyiwa - business interests include renewable energy, financial services, media and hospitality.

Employees

70

Contact

Missing Data

Tax/ ID Number

Tax ID 110-803-982
BRELA Incorporation N°126003

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Christopher David Wadman

Director. South African National.

Further Information

  • Project by
    Media Council of Tanzania
  •  
    Reporters without borders
  • Funded by
    BMZ