Tawanda Nyambirai, Lifestyle Holdings CEO and Econet Wireless Zimbabwe Chairman, announced today that he has accepted an offer from Econet Wireless to buy him out of TN bank. Speaking at a press briefing today Nyambirai said he will be selling his stake in the bank he founded in exchange for shareholding in Econet Wireless. As a result of the transaction Nyambirai said he will be stepping down as chairman of Econet Wireless Zimbabwe to become a director on the board of the parent company Econet Wireless Group.
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