Brainworks Zimbabwe Makes $20m Offer for 40% of Telecel

Brainworks offers to buy closely held Empowerment Corp’s stake, Empowerment Corp. says in statement handed to reporters in capital, Harare.

* Shareholder to vote on offer at EGM on Feb. 20; * NOTE: Telecel Zimbabwe the country’s third-biggest mobile operator after Econet Wireless, state-owned NetOne. Source: Bloomberg