Capital Markets Evaluator Akribos Research Services (Akribos) says Econet Wireless Zimbabwe (EWZ)’s shares are currently undervalued resulting in low trading activities. This comes as Cassava Smartech Zimbabwe (Cassava), which demerged from the telecommunications giant in December 2018, is experiencing increased trade activity on the local stock exchange and its shares have for the most part…
Harare, Zimbabwe – EcoCash, Cassava Smartech Zimbabwe’s mobile money Fintech business, has partnered with Cassava Fintech South Africa to provide an enhanced cross-border money transfer service from South Africa to Zimbabwe. Announcing the launch of the service, Cassava Fintech International Group Chief Executive Officer Mr Darlington Mandivenga said he was confident the service would do…
Cassava Smartech Zimbabwe’s EcoSure insurance business has unveiled a package that will offer its customers access to ambulance services from MARS. The package, which was launched today by EcoSure in partnership with MARS, will allow existing and potential EcoSure policy holders to register and get access to Ambulance services throughout Zimbabwe. Cassava Smartech Zimbabwe CEO…
Cassava SmarTech Zimbabwe has to date registered over 8 000 burial societies across the country under its EcoSure funeral insurance arm. EcoSure is a mobile micro-insurance product, which pays funeral benefits upon death of the insured person. The product was launched in 2014 with the intention of providing cover to the previously excluded communities in…
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,…
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,…
