In a move that’s either bold genius or desperate clown shoes, Telecel Zimbabwe has voluntarily entered corporate rescue mode, effective October 27, 2025. Translation , the telecom giant’s waving a white flag but don’t panic, it’s not a breakup, it’s a “let’s-fix-this-over-coffee” plan .
Filed under Section 122 of the Insolvency Act , this legal shuffle aims to reboot Telecel’s shaky finances while avoiding the dreaded “L-word” (liquidation). Think of it as a corporate detox, supervised, structured, and hopefully less dramatic than a Fix My Life reality show.
“The rescue isn’t a breakup, it’s a reboot,” Telecel clarified. So, no need to cancel your data bundles just yet. But let’s be real, if Telecel’s network was a person, it’d be that friend who’s always late to the party .
The board swears they’re not toast, just “financially distressed” (polite code for “we need a miracle”). If you’ve ever wondered why your calls drop more than a Zimbabwean cricket ball, this might be why.
Telecel’s betting on a “supervision” miracle. Cross fingers they don’t end up as just another Zimbabwean punchline: “Why did Telecel go to therapy? It couldn’t connect .”
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