A Democratic Republic of Congo (DRC) court has temporarily replaced the chairman of Vodacom Group’s minority partner in its Congolese cellular operation, opening the way for a sale of the venture.
Alieu Conteh, the chairman and founder of Congolese Wireless Network (CWN), will be replaced for at least three months by accountant Mupepe Lebo, according to a Court of Appeals judgment e-mailed by Feruzi Kalume Nyembwe, a director of Keratsu Holding, which owns 19.6 percent of CWN. CWN owns 49 percent of Vodacom Congo.
Conteh’s lawyers had asked for a delay in the execution of the judgment until the court gave further guidance on the provisional administrator’s powers, Joseph Lumbala, Conteh’s lawyer, said yesterday.
Lumbala said that Conteh would remain chairman of CWN until the court had explained its decision.
Vodacom said it had agreed on December 22 with CWN to appoint London-based NM Rothschild & Sons to “explore options” for its DRC unit.