Rostam Aziz is the new owner of Tigo, Zantel

What you need to know:

  • Axian Group of Madagascar said in a statement yesterday that in partnership with Mr Aziz, it has closed the acquisition of Tigo and Zantel in Tanzania
  • In September 2019, Rostam Aziz earned Sh499.8 billion after selling his 26.25 percent stake - which was held in form of 588 million shares under ‘Mirambo Holdings’ - in Vodacom Tanzania Plc – through the Dar es Salaam Stock Exchange (DSE) yesterday.