Econet Wireless has issued a statement clarifying its position on the relationship it has with Muzinda Hub, a local tech entrepreneurship centre that is currently training 1,000 developers. The operator has adopted the Hub as part of its impact investment initiatives.
In its latest effort to highlight its position as a job creator, Econet has published a full page press statement outlining its support of more than 60,000 jobs in the Zimbabwean economy. Could be it be part of Econet’s efforts to lobby for the loosening of regulation which has been handicapping the industry?
In this episode of the Podcast, we discuss the TelOne Sales Agents Strategy, the devices unveiled at the recent Samsung Unpacked Event, the ZB Bank App and the new COO of Econet Zimbabwe, Fayaz King.
A shareholder contacted us and pointed out that at Econet’s recently held Annual General Meeting, the operator’s CEO, Douglas Mboweni, had expressly mentioned that Tengai is an Econet company and that the press had reported the matter incorrectly. If Tengai was being honest from the beginning, then Econet is lying about this ownership issue.
We have been informed by sources from Econet Wireless that the mobile operator has appointed Zimbabwean born business executive and telecoms professional, Fayaz King as its new Chief Operating Officer
Here’s the midweek edition of the Techzim podcast which touches briefly on some of the trending topics on local and regional technology. In this episode, we discuss the MTN Results and their reflection of African telecoms, the concerns on national security and privacy raised by the Ministry of ICT and the latest on the Tengai website and what the team behind the platform’s security breach had to say.
Some readers argued that Tengai, the new online classifieds startup, though registered and fully operational as an entity that is not a subsidiary of Econet Wireless Zimbabwe or the Econet Group, has ties to the mobile operator and is leaning on this association in a way that violates net neutrality.
Liquid Telecom management has assured its staff that contrary to reports in the media, it will not be reducing the salaries of its staff as is happening at its sister company Econet Wireless Zimbabwe. Liquid Telecom has emphasized its independence in operation, citing reasons such as prudent spending and cost management as reasons for surviving this fate.
Twenty years ago, in the mid-1990s, a young telecoms engineer came across an idea for the future and brought it to Zimbabwe. He wanted to operate a mobile telephone service business. It was unheard of in our parts, indeed, in many parts of the world. A version of the story is that when he brought […]
Today when I came upon a NewZimbabwe article with the title “The corporate rot Econet is hiding” I thought I had stumbled onto a typical “I hate Econet” piece. There’s enough supply of those on the internet and usually they are just emotional anti-capitalist outbursts that lack any intelligent engagement on the issue – so I’ve stopped reading them. […]
Tomorrow Econet Wireless will launch Seldon Water Zimbabwe, the local subsidiary of a water purification initiative being led by Econet Wireless founder Strive Masiyiwa. Seldon Water Zimbabwe, which is based in Harare, opened its doors to the public last month as part of the Seldon Water Africa initiative. Seldon Water Africa is the continent’s extension […]
Today, I opened an email from Econet titled “Econet Wireless has launched yet another revolutionary product, the Econet Connected Car.” I had just heard from people that attended the launch that it had been one of the best product launches they have ever attended. That the company was on point about what it was fixing. I […]
It has been reported that Econet Wireless Global has secured a $150 million financing facility to enable its expansion program. In an announcement from Export-Import Bank (Afreximbank) the institution that arranged the facility Econet will use the facility to expand in mobile banking and solar energy and also to refinance existing debt which has been […]
Its 8 days to go until Zimbabwe’s 2014 Broadband Forum which will be a meeting point for thought leaders and contributors of broadband infrastructure and services as whole. Seven speakers will be making rich presentations covering a diversity of topics that emphasise the current broadband landscape, the opportunities and impact in Zimbabwe and on the continent. The speakers […]
Econet today released their financial results for the year ended February 2014. The results indicate that Econet Wireless posted $119.4 million profit which is definitely impressive, in an economy like ours. Whilst overall key indicators like revenue showed weak growth, Data and EcoCash revenues were the most impressive indicators for Econet. As expected, data revenues […]
Econet Wireless Zimbabwe announced its financial results today for the period ending February 2014. The financial services and telecoms company is the country’s largest mobile services provider by subscriber number and provides a host of services through its network and financial institution, Steward Bank. After tax profit for the period stood at $119.4 million. $20 million […]
Econet Wireless Zimbabwe says that its mobile money transfer service, EcoCash, has handled transactions in excess of $4 billion since the service was introduce in 2011.This was highlighted by Econet’s group CEO Douglas Mboweni to parliamentarians at a familiarisation tour of the company yesterday. This impressive figure was achieved though 170 million transactions handled […]
At the company’s AGM recently Econet Wireless Zimbabwe explained to shareholders that the group is looking to services such as the mobile money service, EcoCash, for continued profitability and new value for shareholders. According to a report by local financial analysis email service, Financial Express, Econet Wireless Group Chief Operations Officer Tracy Mpofu said at […]
Today, Econet Wireless Zimbabwe, the company that has the lion’s share of the mobile telephony & broadband business in Zimbabwe, announced at a press briefing their annual financial results the period ending February 2013.
The festive season once again saw a bumpThe festive season once again saw a bumper rise in Econet subscribers with the company reporting that it has crossed the 8-million level for the first time, supported by the recent introduction of Buddie Zone. Econet Wireless Commercial Director Mr George Barbaressos confirmed the new figures, saying the demand for Econet lines remains “very, very strong”.er rise in Econet subscribers with the company reporting that it has crossed the 8-million level for the first time, supported by the recent introduction of Buddie Zone.
Zimbabwe’s largest supermarket chain, OK Zimbabwe Limited, has become the first major retailer to be connected to EcoCash, Econet Wireless’ mobile money service. OK has assumed an EcoCash “Super-Agent” status, and will be performing agent services for EcoCash throughout its branches across the country. Under this partnership, every OK outlet will now register customers for EcoCash and also perform cashing in and cashing out functions for EcoCash.
It’s been a great year for us. It has.
Traffic for the site more than continues upwards. The visitor engagement on the site, one of the things we value most here, increased significantly. With the help of some selfless individuals, Techzim answers is delivering locally relevant tech answers much better than it did a year ago. We delivered some great events. Some directly, and some in partnership with some amazing people and organisations.
Veteran American telecoms executive Dr James Patrick Myers has been appointed the new Non-Executive Chairman of Econet Wireless Zimbabwe to replace Tawanda Nyambirai, who stepped down this week. Dr Myers is a retired former Vice President for Africa of South Western Bell, now part of AT&T, the world’s largest telecoms company by value. He also served as the President of Southwestern Bell International Development Africa (Pty) Ltd from 1985 to 1998 and also served as its Executive Vice President from 1994 to 1995.
When we attended the EcoCash tour yesterday, two developments at the company stood out: A new hire, former Safaricom executive Japhet Aritho (Head of M-PESA Product Development and Operations) has joined the EcoCash team as Chief Operating Officer of Econet Services. And yes, Econet Services. The company that we had not heard about before yesterday […]
This year, again, BarCamp Zimbabwe and the ZOL Jumpstart Challenge were a success. A big success. While BarCamp was held at the same venue as last year, we decided to take it outside and what a refreshing atmosphere full of networking, learning, mobile talk, gadget talk, discussions about mPayments, cloud computing, social media and everything that we […]
Econet Wireless Zimbabwe has issued a public notice that the company will terminate mobile network interconnection services to the state owned mobile operator NetOne today, 23 August 2012. The notice, which was published in Zimbabwe’s print press today, cites the repudiation of their interconnection agreement by NetOne as the reason. As you may be aware, […]
Today, the Econet CEO, Douglas appeared before the Parliamentary Portfolio Committee on Media, Information and Communication Technology on ICT. The appearance was for discussion on various issues ranging from tariffs, infrastructure sharing, future investment in telecoms and network rollout amoung other issues. We (and now you) have been lucky enough to receive a detailed report in […]
Econet Wireless recently announced Zimbabwe as the first commercial site for its highly acclaimed solar powered ‘Home Power Station’ (HPS), this according to a report on the mobile phone company’s website. The announcement is welcome news in a country characterised by chronic load shedding and power failures. Econet’s Corporate Communications Manager Ranga Mberi confirmed to […]
Econet has started an advertising campaign for the introduction of merchant services on the EcoCash mobile money transfer system. The adverts, which started appearance recently in Zimbabwe’s newspapers, indicate that the additional services will be launched very soon. Here’s some of text appearing in the adverts: Very soon you’ll be able to: Pay your kombi […]
Econet Wireless Zimbabwe has today announced through a press statement the completion of agreements for funding totalling US $307 from multiple financiers among which are Chinese, European and African institutions. The long list of financiers includes China Development Bank, Ericsson (Sweden), Industrial Development Corporation (South Africa), Afreximbank (African), PTA Bank (Africa), TN Bank (Zimbabwe), CBZ (Zimbabwe), DEG […]