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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…
Kwesé iflix has partnered media company, BusTop TV in coming up with a comedy series, Comic Tick, on the Kwesé iflix platform. Comic Tick features Zimbabwe’s finest stand-up comedians. The first season has 10 episodes and features stand-up comedians Doc Vikela, Mandla Da Comedian and C’skhanyiso Dat Guy among others. In each episode, viewers will get…
MTN Group has announced the appointment of several executives, including the position of Chief Technology & Information Officer and Executive for Corporate Services & Sustainability. Charles Molapisi has been appointed as the company’s Group Chief Technology and Information Officer, effective 1 January 2019. His appointment follows Babak Fouladi’s resignation from the company to take up…
Ho! Ho! Ho! Merry Christmas…Guess what? DStv is giving lower-tiered subscribers an early Christmas gift by opening up some of the premium channels during the end-of-year and beginning-of-2019 festive period. From Tuesday, 18 December until Friday, 4 January 2019, SuperSport 1 (DStv 201) is being made available to DStv Compact Plus, DStv Compact, DStv Family,…
Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless (its now telecoms only, sister company). By any measure this is easily the largest…
Naspers and Canada’s state pension fund have invested $540 million (R7.77 billion) in Indian educational technology startup Byju’s. Bengaluru-based Byju’s launched a learning app in 2015 that offers tools for school students in India, a country with the world’s largest number of children in primary education. The latest investment values the firm at around $3.6…
BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. BMW has become one of the first foreign companies to be granted a ride-hailing operating license in China. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan…
New study by Malabo Montpellier Panel finds potential to expand irrigation across 47 million hectares in Africa, and boost agricultural productivity, livelihoods and economic growth. Helping more farmers to access and use irrigation systems holds the key to African countries meeting hunger and food security targets, a new report sets out. Food production in Africa…
Econet Wireless Zimbabwe’s fintech business Cassava Smartech Zimbabwe Limited (CSZL) will be listed on the Zimbabwe Stock Exchange (ZSE) tomorrow. This comes after regulatory approvals to spin off the telecoms giant’s smart technology and financial technology businesses under a new holding company CSZL. The company controls 100 percent of Steward Bank, 100 percent EcoCash Limited,…
By Tendai Guvamombe In order to curb challenges ranging from economic turmoils to global warming effects, investing in the vibrant young blood will be a wisest solution, a Boost Fellowship meeting has revealed In Zimbabwe, the Boost Fellowship (BF) under the support of UNICEF is working towards a global youth initiative trending as Generation Unlimited…
The Food and Agriculture Organisation of the United Nations (FAO) has emphasised on the need to address Highly Hazardous Pesticides in Zimbabwe. Speaking at the HHP workshop held in Harare on 13 December 2018, Gabriele Ranieri (Officer in Charge) FAO Subregional Office for Southern Africa, said the world over, countries are facing the challenge…
African Development Bank (www.AfDB.org) President Akinwumi Adesina has saluted Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is supporting Egypt, lessons that can be learned for the development and the integration of the continent. Adesina was speaking during a session at the…
The country registered a significant milestone in the Tourism Digital Space by launching the AccoLeisure Zimbabwe Travel Guide and the Zimbabwe Destination Video in Harare yesterday. In line with the Transitional Stabilisation Programme (STP), Priscah Mupfumira, the Minister of Environment, Tourism and Hospitality Industry said the launch was in sync with one of the key…
By Charles Dhewa In spite of millions of dollars that have gone into market linkage initiatives in developing countries over the past few years, farmers still struggle to sell their commodities profitably. Post-harvest losses have not gone down, gluts continue to alternate with shortages and relationships between farmers and processors have not improved. This suggests…
The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which is leading the project. The…
It may have been Zimbabwe’s maiden participation at the Turkey Travel Fair but that did not limit the nations dazzle. The display was captivating, drawing massive interest from exhibitors, tour agencies, and buyers participating at the 12th edition of the Travel Turkey Fair running from 6 to 8 December. The fair is rated among the…
Africa50, the pan-African infrastructure investment platform, has acquired 15% of the equity stake in the Nachtigal Hydro Power Company (NHPC) which runs the Nachtigal hydropower project in Cameroon. Under the terms of the agreement signed today in Yaoundé, Africa 50 purchased its stake from the Government of Cameroon, an Africa50 shareholder, helping free-up public funds…
The Embassy of Sweden announced today SEK 45 million grant to the Zimbabwe Resilience Building Fund (ZRBF) to allow the timely roll out of the Crisis Modifier. Crisis modification is used in Resilience building as a tool to implement early actions based on early warning, in this case to better prepare the communities to withstand…
By Owami Sithole KinderCare Zimbabwe launched Zimbabwe digital evolution learning workshop embracing quality education in the 21st digital era. Educational technology help teachers and students in that it provides benefits such as organization, efficiency, collaboration, communication, extra help and virtual experiences. Kinder Care Zimbabwe launched a digital education resource application called Smart-Kidz Club. In an interview…
By Byron Mutingwende Mrs Bernadette Warambwa has a colour-illustrated book that encourages healthy eating using resources from our local environment. Titled “Nutrition from Our Environment” the book contributes towards the promotion of sound nutrition in both rural and urban areas. “The book is unique in its own ways and displays culinary genius….
There is need to implement significant reforms such as improving the ease of doing business, improving competitiveness, and opening the country to international investors and financiers, Honourable Nqobizitha M. Ndlovu, the Minister of Industry and Commerce has said. He made the remarks at the Zimbabwe International Trade fair (ZITF) Marketing Campaign launch press briefing held in…
EcoCash, Steward Bank partner to offer hassle-free small loans Bank unveils instant *236# bank-account opening service Cassava SmarTech’s fintech businesses EcoCash and Steward Bank have partnered to offer instant, nano loans to their combined customer base of more than 10 million customers. Announcing the launch of Kashagi/Inyuku nano loans in Harare today, Steward Bank also…
