Telecel Zimbabwe (Private) Limited, currently under corporate rescue, will hold a meeting of its members and creditors on Friday, 24 July 2026 at 10am to vote on adopting the company’s corporate rescue plan.
The meeting, convened in terms of the Insolvency Act [Chapter 6:07], will take place at the Andy Millar Hall, Zimbabwe Agricultural Showgrounds, corner of Samora Machel and Rekai Tangwena in Harare.
According to a notice issued by Corporate Rescue Practitioners Kundai F. Tibugare and Bulisa P. Mbano of Grant Thornton Zimbabwe, the company is proposing settlement terms under Section 142(2)(b) of the Act. Three groups have been designated as Plan Participants: ordinary members, preferent creditors, and concurrent creditors.
Stakeholders wishing to review the proposed plan ahead of the vote can obtain copies free of charge from the Corporate Rescue Practitioners’ office at Grant Thornton’s Highlands premises in Harare, during normal working hours.
Members and creditors unable to attend in person may appoint a proxy to vote on their behalf. Signed proxy forms must be lodged with the Practitioners’ office by Tuesday, 21 July 2026 at 10am — three days ahead of the meeting.
The notice states that results of the vote will be reported and published to all creditors and members within two weeks of the meeting’s conclusion, giving stakeholders visibility into the outcome shortly after the process closes.
Telecel Zimbabwe has been operating under corporate rescue, a legal mechanism designed to facilitate the rehabilitation of financially distressed companies while protecting the interests of creditors and shareholders. The July 24 meeting marks a decisive step in that process, as members and creditors weigh in on whether to formally approve the terms guiding the company’s recovery.
The notice was dated 10 July 2026.
