Earlier on the proposal of not duplicating infrastructure, and share what was available was point-blank rejected by our local mobile network operators (MNOs) who viewed possession of infrastructure as a competitive tool but years later today we are witnessing Zimbabwe’s two largest mobile network operators (MNOs) — Econet Wireless and NetOne Cellular — have signing…
Telecoms group Econet Wireless has warned the public to be wary of fraudulent investment schemes being run on social media platforms. Some of these schemes use Econet’s electronic money transfer system, EcoCash, to dupe unsuspecting members of the public. One such investment scheme called “EcoCash Trades” has been circulating on WhatsApp offering as much as…
Top Zimbabwean private companies yesterday announced the launch of an initiative called Reboot Fund, aimed at raising at least RTGS$100 million (about US$35 million) to assist in the rebuilding and reconstruction in areas that were devastated by Cyclone Idai three weeks ago. The tropical cyclone, which originated from Mozambique and passed through Zimbabwe, left a…
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…
Econet Zimbabwe group of companies have collectively contributed RTGS$5 million for the cyclone emergency efforts in Eastern Zimbabwe. The company has channeled the funds to Higherlife Foundation, which is now deeply embedded in efforts to respond to the crisis. Dr Kennedy Mubaiwa (MD), who heads the Foundation, said Higherlife was mobilising various types of support,…
Econet Wireless is almost near to reach $100K on donations from well-wishers and it pledges to match dollar-for-dollar on all contributions. Bravo!!! Will be updating this article as more donations pour in from well-wishers. A state of disaster was declared in Zimbabwe. Eighty-two people have so far been confirmed dead across the country, and a…
Steward Bank has came up with yet another innovation that’s quite revolutionary in our banking sector with its introduction of WhatsApp Banking. Steward Bank customers are now able to access Steward Bank’s banking services on WhatsApp. Being able to buy airtime, make payments and all that other banking stuff on WhatsApp makes Steward Bank relatable…
The Founder and Executive Chairman of the Econet Group, Strive Masiyiwa, has bought back Mascom Botswana from MTN for US$300 million, 14 years after losing control of the telecoms giant. Mascom was Strive Masiyiwa’s first mobile company before he obtained a licence to launch Econet Wireless after a protracted court battle with government authorities. The name…
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) says it is reviewing proposals by Mobile Network Operators (MNOs) for a tariff hike in light of movement in the exchange rate as determined on the inter-bank market. Potraz acting director general Kennedy Dewera yesterday said following the country’s Monetary Policy Statement (MPS) — which introduced…
Telecommunications giant, Econet Wireless Zimbabwe, continues to blossom in the employee wellness turf as part of its broader business strategy. Corporate health and well-being programmes are cost effective ways for employers to harness talent while improving the well-being of their employees. Besides funding events like the Econet Victoria Falls Marathon through the EcoSure brand, the…
Strive Masiyiwa, Econet founder says mini-power grids based on solar energy are the solution to Africa’s energy problem. Masiyiwa made the prediction at a global conference of investors in Abu Dhabi in the United Arab Emirates. “The technology for solar power and battery storage has reached a stage where the cost and capability will deliver power…
The Strive and Tsitsi Masiyiwa Family Foundation and has availed $60 million towards the cholera response in Zimbabwe. Cholera claimed more than 70 lives last year. The commitment from the Econet founders comes on the back of an initial $10 million investment by Econet Wireless Zimbabwe at the onset of the cholera outbreak in Zimbabwe…
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,…
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…
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…
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,…
Econet Wireless Zimbabwe, the country’s largest telecommunications, media and technology company, yesterday won the award for the best overall stand at this year’s Zimbabwe International Trade Fair (ZITF 2018) in Bulawayo. The company’s stand – a star attraction at the country’s premier trade and business exhibition because of its digital and interactive features –…
Econet Wireless Zimbabwe today took its channel engagement drive to the country’s southern region, where it hosted an event to reward its top-performing brand ambassadors in Matabeleland provinces. The country’s largest telecommunications and technology company honoured its brand ambassadors from the region – which covers Bulawayo, Matabeleland North and Matabeleland South provinces – at…
The ‘Chaka-Chaya neEcoCash’ promotion is back, offering much bigger prizes and affording much more people the chance to win thousands of prizes, the company has said. “There are over one million dollars’ worth of prizes to be won and more than 150 000 individual customers are guaranteed to win, “ said Econet’s Cassava Zimbabwe…
Econet Wireless Zimbabwe, the country’s largest telecommunications, media and technology (TMT) company, has continued with its regional effort to strengthen its partnership with its distribution channel members and to motivate them by recognising outstanding performers from Mashonaland East, including Chitungwiza. At an event held at Zimbali Gardens in Harare’s Greendale suburb on Wednesday, which…
Econet Wireless Zimbabwe – the largest mobile network operator in the country – has stepped up its channel partner engagement programme by taking its top-performing Brand Ambassadors awards ceremony to Mashonaland West province. The company today hosted a lively event at Chinhoyi town’s CUT Hotel, about 115km northwest of Harare, at which it handed out…
