UK - LONDON - Entrepreneur Gilbert Muponda has acquired a 50 % stake in ZimDaily Media, which runs Zimbabwe’s top daily online news site ZimDaily.
ZimDaily Media runs Zimbabwe’s other leading online brands including www.zimface.com and Zimbabwe’s number one online radio www.zimnetradio.com.
The ZimDaily Media Group has been immediately strengthened by the addition of www.zimtelegraph.com a reliable, focused and in depth news website targeted at anyone serious about news. The Zimbabwe Telegraph is partially going live today and will be fully launched this weekend.
The acquisition by Muponda has resulted in the creation of a new media group with 15 web sites, making it a formidable advertising channel and infrastructure, one of the biggest such operations in Africa.
In 2001 Gilbert Muponda led a team of three young professionals from the financial services industry to set up ENG Capital (PVT) LTD, then Zimbabwe‘s fastest growing Financial Institution.
The firm was set up to serve a niche market in provision of advisory services, asset management, corporate finance and private equity. He was the first victim of the Anti-graft political campaign meant to silence and eliminate independent businesses deemed undesirable by the Government of Zimbabwe in 2003-4. ENG was closed and its assets parceled out to politically well connected individuals. He is currently CEO of GMRI Capital which he founded in 2007.
The new group will operate under the 3MG Media Limited brand. ZimDaily founder Munamato Maisva becomes the Operations and Technical Director and Gilbert Muponda will be Chief Executive Officer.
Munamato holds BEng Degree in Telecommunications, Media and Internet Engineering, Msc in Computer and Internet Security and works for the World's leading computer Software company.
They will both sit on the Group’s Editorial Board.
The creation of 3MG Media seeks to establish a leading multi-media content service provider, online marketing systems technology developer and one of the largest electronic distributors of African news, events and information globally.
3MG Media is blessed with a highly diverse group of committed professionals, dedicated to deliver trustworthy and reliable news. We find strength in the diversity of our staff. Our team has accrued collectively over 15 years of experience in generating value through Internet based driven enterprises. We have experienced marketers, web site developers, technicians, editors, and accomplished journalists.
The 3MG Media Limited business team represents more than 50 years in the fields of journalism, investment banking, advisory services, accounting, marketing, advertising and information technology.

The Group will rely on new technology and skill which will allow the group to operate with a fraction of the staff and budget of media companies of similar scope and size. The 3MG Media business enterprise model is based on a 6-level revenue stream of marketing, branding, advertisements and transactions, subscriptions, information sales and technology services which include website development and hosting for external clients.
As a reader and visitor you can directly help develop a strong continental and global voice platform, an alternative for Zimbabwe and Africa by supporting the various 3MG Media brands which will be soon listed on www.3mgmedia.com .
Gilbert Muponda will be available on ZimDaily forums www.zimdailyforum.com from today to answer all questions which our valued readers may have.
Thank you for your support and encouragement, we appreciate.
Munamato Maisva
munamato@zimtelegraph.com
Skype: zimdaily
Gilbert Muponda
gilbert@gilbertmuponda.com
Skype: gilbert.muponda
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