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Shortly after they were married, MacKenzie Bezos drove her husband, Jeff, across the country from New York to Seattle while he typed out a business plan for what would become Amazon. Now, twenty-five years later, MacKenzie Bezos could once again find herself in the driver’s seat, this time with the potential to rattle her husband’s control over…
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has described as the height of insincerity the move by the government of officially hiking fuel by over 150% at a time when they are offering Civil servants a mere 10% salary increase. As it stands, the fuel price hike is still lower than the actual price…
By Elvis Dzvene A floating exchange rate regime entails liberalisation of the financial sector by removing all government interventions in the financial sector, whereby the value of a currency will be determined by the market forces based on supply and demand of our currency on the international currency market. This is in contrast to a…
Liquid Telecom announced that it has appointed Mohamed Abdel Bassit its new Regional Chief Executive for the Middle East and West Africa (MEWA), effective January 1, 2019. Based in Cairo, Bassit will oversee the group’s expansion further into MEWA following the recent news that it is investing US$400m in the Egyptian market and has completed the first fibre network to stretch all the way from Cape Town to Cairo. Mohamed…
Analysts have projected data and internet to drive telecoms giant Econet’s business post unbundling as full-year revenue for the financial year 2019 is expected to hit $678 million mark. This will represent a 20 percent jump ahead of $578 recorded in FY18. After becoming a fully converged telecommunications, media and technology business encompassing digital banking,…
Businessman Strive Masiyiwa has so far founded four different businesses that are valued at more than $13 billion. Commenting on his Facebook page, the Econet founder said four of his business ventures had become what are known as Unicorns: -Econet Wireless Zimbabwe $3,2bn -Cassava Zimbabwe $3,8bn -Liquid Telecom $2,5bn, -And Airtel Nigeria, which he started…
7 January 2019-ESR analysis on critical economic challenges facing Zimbabweans today Post the 30th July 2018 harmonised elections, one of the most important questions that Zimbabweans have had to deal with is how the new government will resolve the deep and complex economic problems Zimbabwe is grappling with. Economic commentators have expressed mixed views and…
By Byron Mutingwende The National Transport Drivers Association ((NTDA) has partnered the Tehilar Christian Network on the noble anti-litter initiative being spearheaded by First Lady Auxilia Mnangagwa. Following a meeting of church leaders under the banner of Tehilar Christian Network at Zimbabwe House with the First Lady Auxilia Mnangagwa, the religious fraternity put…
By Tendai Guvamombe Consumer behaviour is a major determining factor that can measure economic performances in the country hence economists should stand for consumer’s rights and protection. This has not been the case in the country’s economic landscape where end users of products are crying foul over the way they are fingered in the economic…
By Jacob Mafume (MDC National Spokesperson) “He who permits himself to tell a lie once, finds it much easier to do it a second and third time, till at length it becomes habitual; he tells lies without attending to it, and truths without the world’s believing him” The above is a direct quote from the…
By Tendai Guvamombe The Environmental Management Agency (EMA) has come under fire for allowing the invasion of wetlands by property developers. On Wednesday 9 January 2019, the City of Harare in conjunction with Harare Wetlands Trust (HWT) and the Environmental Management Agency (EMA) jointly toured various suburbs of Harare to assess progress made on the…
The Allegation that #Masiyiwa gave #ZanuPF USD45m to purchase grain used in the #Army-run runoff poll in 2008 is False: Nyambirai Human Rights Defenders, Beware of Wolves in Sheep’s Clothes! I have only known Professor Jonathan Moyo from a distance. In the early years of my career as a young lawyer, we used to read…
By Lovemore Chazingwa The quest for bringing out Africa’s economic potential and sustainable growth through investment from abroad can be tapped as a result of properly protected Intellectual Property (IP), a regional workshop heard. In it’s opening remarks at the high level workshop held at Africa Regional Intellectual Property Rights Organisation headquarters December 5 last…
By the Zimbabwe Council of Churches For many Zimbabweans, 2019 has come amidst much hardship and uncertainty. Many wonder whether the current times signify birth pains or death throes. They ask, ‘Are we entering the pearl gates of the New Jerusalem or the catastrophe of Armageddon? This is an important moment for the nation to…
Once membership formalities in ATI are finalised, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020 The African Development Bank Group (www.AfDB.org), through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s…
By Jacob Mafume Zimbabwe is back to square zero, the wheels have come off completely just five months after the sham election of July 30 2018 and over a year since the departure of Robert Mugabe. The not so new actors have failed our people; the country finds itself in the prison of a deep…
By Charles Dhewa Hundreds of mobile applications and technology platforms are launched in Africa almost every day, thanks to the promise of digital-fuelled progress. Unfortunately most of the platforms (including those owned by famous mobile network providers) are trotted onto the market prematurely before sufficient pre-testing. There is also confusion between a platform, a portal,…
The Africa Enterprise Challenge Fund (AECF) and the Energy and Environment Partnership Trust Fund (EEP Africa) recently hosted an investor forum in Nairobi, Kenya, bringing together financiers and companies from across the world to find investment opportunities in renewable energy businesses operating in Africa. The forum was an investor to business (I2B) match-making platform…
The World Tourism Organisation (UNWTO) has granted UNWTO.QUEST Certification to the Punta del Este Convention Bureau, which became the first destination management organisation in the world to receive this certification. The Punta del Este Convention Bureau, a UNWTO Affiliate Member, participated in the UNWTO.QUEST Certification pilot project that was created to advance excellence and quality…
Free Web Hosting, initially launched August 2018 in Zimbabwe, has extended its services to neighboring South Africa. Since its Zimbabwe debut, FWH has captured the attention of website developers, tech hubs, companies and the blogging community all across the nation. The platform enables individuals and/or companies to move their existing websites from paid hosting. In…
The Crisis in Zimbabwe Coalition has bemoaned the fact that the country has been beset by structural imbalances, which have hampered economic development for several years. Civil society has said the obtaining structural imbalances have resulted in the erosion of income for middle to low income populations (who constitute the majority of citizens) hence incessant…
As the new year-round the corner we are getting numerous updates about the launch of new smartphones by the mobile manufactures. We could expect that the next several new smartphones and devices of various categories to be available in 2019 and that too includes the Huawei Y7 2019. Huawei, which has already confirmed its presence at…
LG is all set to launch the successor to LG G7 ThinQ which didn’t manage to grab more eyeballs with LG G8 later next year. As per the source, the new LG G8 will launch globally by end of March 2019. It will feature 3D camera which has now become a trend with major Android smartphone manufacturer….
After unofficially going on pre-order earlier this month, the Huawei P Smart (2019) is now officially official. Huawei is starting 2019 with a bang and the launch of the new Huawei P smart 2019 phone. The Chinese company dominated 2018 after shipping 200 million smartphones worldwide and overtaking Apple in the global rankings. It’s not stopping there, after revealing its first new…
Pamwe Capital has proposed to invest in Zimbabwe’s key economic development sectors as a response to the country’s openness for business. Speaking at a breakfast meeting organised by Pamwe Capital at a local hotel in Harare, Priscah Mupfumira, the Minister of Environment, Tourism and Hospitality Industry said Zimbabwe has good opportunities for investors especially…
If you’re prone to losing car keys, the latest-generation Hyundai Santa Fe just going on sale in China is for you. It offers buyers the option of using a fingerprint detector that can open the vehicle and turn on its engine, rendering car keys as necessary as a landline. Touch one of the SUV’s biometric sensors…
MTN Uganda has today announced that it has completed (the final) Phase 3 which has seen UTL being switched on, making MTN the first telco in Uganda to fully comply with the Bank of Uganda initiative. This year 2017, Bank of Uganda directed all Mobile Money operations in Uganda to be interoperable between the telecommunications…
Bharti Airtel has decided to sell a further 32% stake in Bharti Infratel, valued at close to Rs 15,500 crore, to create a war chest to bolster its countrywide 4G networks and counter Reliance Jio Infocomm. Separately, the Sunil Mittal-led telco on Thursday also appointed a panel to explore various other fundraising options, and named Badal Bagri as…
Kenya’s mobile phone penetration crested the 100 per cent mark, says the Communications Authority of Kenya. It joins Morocco, Namibia and Tunisia, the only countries in Africa to achieve the milestone. The first quarter sector statistics report for the financial year 2018/2019 by CA shows that the mobile penetration – the total number of active…
TelOne is forecasting an 8 percent jump in revenue to $128 million this year, driven by broadband and data revenue, which have been performing relatively well throughout the year. The revenue is expected to rise by $10 million from last year’s $118 million. TelOne managing director Mrs Chipo Mtasa, recently said the revenue is anticipated…
The labour court has issued an order, with the consent of ex-Vodacom employees, to enforce their restraints of trade after reports emerged in November that they were working with rival MTN South Africa. Vodacom said in a statement on Friday that it was “forced” to bring an application requesting the labour court to find that by being employees…
iflix, the leading entertainment service for emerging markets, is pleased to confirm the sale of the rest of its African business to Econet Global Limited. iflix first announced the launch of its service in sub-Saharan Africa (SSA) in June 2017. Following eight months of rapid growth, the company joined forces with Econet Global Limited, which saw…
Christmas has come early for MTN Group. The telecommunications operator’s shares are likely to soar when markets reopen on Thursday in Johannesburg after it announced late on Monday that it has settled a multibillion-dollar dispute in Nigeria. It will pay just US$53.2-million (about R777-million) in a settlement with Nigeria’s central bank, a tiny fraction of the…
A ZTE foldable smartphone described in a patent application that was recently uncovered describes a device which is pretty much, in concept, similar to Samsung’s foldable smartphone. We’re talking about a tablet that folds into a phone (or a phone that folds out into a tablet). It features a flexible display and allows the phone to unfold into a…
President of the MDC Alliance, Advocate Nelson Chamisa on 24 December 2018 made spot visits to several places in the City of Harare where he spoke to citizens and assessed the plight of the Zimbabwean people. Chamisa spoke to people aboard several buses including those with peripheral destinations, buses that were headed to Gokwe, Chiredzi,…
The African Export-Import Bank (Afreximbank) has signed a financing agreement with Securiport SUARL, Senegal, to provide Securiport with a $15-million term loan to finance the design, construction and commissioning of a civil aviation and immigration security system for the Juba International Airport in South Sudan. The facility, which was approved for five years, will assist South Sudan…
Naspers, the South African investment giant, is back at it in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment in food delivery company Swiggy. The new round sees Chinese internet and Naspers ally Tencent join the party, alongside fellow new investors Hillhouse Capital and Wellington Management…
Discord Inc., which makes chat software popular among videogame players, said it is now valued at $2.05 billion after a new funding round, the startup’s second this year as it expands its footprint into sales and subscriptions in the fast-growing game industry. Greenoaks Capital led the negotiations with Firstmark, Tencent, IVP, Index Ventures and Know-how Alternative…
Zimbabwe’s Postal and Telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telecommunication Sector Performance report for the third quarter, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) said turnover grew to $435 million from…
Safaricom CEO Bob Collymore has said the telco is expanding its M-Pesa systems to take 1,200 transactions per second. In a statement, he attributed the recent outage that lasted four hours to the system upgrade. Latest Communications Authority telecommunication sector statistics shows that Safaricom carried out 575,660,251 M-Pesa transactions, moving at least Sh1.58 trillion between…
Liquid Telecom South Africa to provide wholesale open access roaming services to network operators starting early 2019 Liquid Telecom South Africa, part of the leading pan-African telecoms group Liquid Telecom, today announced that it will establish a multi-billion Rand 4G network in South Africa. From early 2019, wholesale roaming services will be made available across…
Tendai Guvamombe and Michael Mashiri Free Zim Congress is determined to walk the talk in bringing to an end to all socio-economic challenges bedevilling the nation which the current government dismally failed to address, Party President Joseph Makamba Busha revealed. Addressing members of the media fraternity at a press conference held in the capital today,…
Strive Masiyiwa, Econet Wireless founder, this week consolidated his position as one of Zimbabwe’s richest investors after his fintech company, Cassava Smartech (CSZL), became the most valuable counter by market value on the Zimbabwe Stock Exchange (ZSE) when the company listed on the ZSE through an initial public offering. Masiyiwa, whose Econet Wireless Global group controls…
Users of KCB M-Pesa will now get top-up loans, enabling customers to borrow several times within the credit limit assigned to them without being required to first clear outstanding balances. This is an upgrade to the old KCB-M-Pesa system where borrowers could only take another loan after clearing the outstanding balances. The top-up capability is…
Digital mobile lending in Kenya is a space that is ever-growing, whether the motivation is to push for financial inclusion or to simply provide a service in a neglected space, what’s constant is that the sector is ever-growing. As of September this year, there were over 50 mobile loan facilities, including M-Shwari and KCB M-Pesa. A report by FSD…
