Dr. Dennis Magaya, the founder and managing director of telecommunications and IT service company, RubieM Technologies, has revealed to a Zimbabwean weekly newspaper that his company has plans to invest US $30 million into the establishment of a telecommunications SIM & mobile broadband modem manufacturing plant.
In the interview with the Sunday Mail, Dr. Magaya says the funding for the project is already in place and once the project commences, it’s likely to be completed within a year and a half. Of the US $30m, US $15m will be injected into the project in the first year and the rest in the following 3 years.
Dr. Magaya, is known in the telecommunications industry for work with Cell C as Head of Customer Applications & Services, and consulting work with Telecom Namibia, ACL Malawi and most recently, Africom in the roll-out of the new CDMA mobile broadband services. Dr. Magaya has also done consulting work in the negotiations for the acquisition of state owned mobile operator, NetOne by MTN.
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7 comments
uh oh…a Zimbabwean made product! Hope these products wont be the next G-Tides.
Seems he has experience in the field, and I hope he has done his market research. We are getting tired of firms promisind to do stuff, only to fail to get off the ground.
Guys That guy knows his staff, Zim by Zim
Not sure about his ideas…he wants to invest in the high tech space in Zimbabwe where the costs of doing business is already 40% higher that in competing alternative markets, because of the lack of enabling infrastrucuture (Power, broad band, narrow cohort of highly skilled people). Besides, issues of economies of scale and of scope in producing these products are fundamental to the business model and it would be difficult to compete on price and innovation with the far east. Those 10 years of economic contraction hurt us bad and the legacy we have left is that when it comes to making high end products, we just do not have the economic/technical/skill base to work from. Our options are on building services from the ecosystem that derived from these enabled SIM/Modems….
I learnt with Dennis Magaya at UZ. Hey that man is an elctronics fundie and fanatic. above all he is a Zimbabwean like me, lets cheer him up. It is no use trying to shoot him down when we are able to encourage him, look at the Nigel Chanakira’s, are we not proud?
Profert varikumberi
And what happened to this investment Kabweza. Any follow-ups??