Exclusive: ZSE sends CEO on leave over Econet

The Zimbabwe Stock Exchange (ZSE) yesterday sent its CEO Alban Chirume on an indefinite leave to pave way for investigations after Econet Wireless Zimbabwe disregarded a directive from the regulator not to hold an extraordinary general meeting.

In defying the ZSE directive, Econet said it was authorised to do so by a committee of the board. The EGM was held on Friday where shareholders approved a $130 million cash call to pay foreign obligations.

This story is for NewsDay subscribers.