Tag Archives: Econet Wireless Zimbabwe

EcoCash boasts of having handled transactions worth over $4 billion to date

April 11th, 2014


  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 [...]

Econet Zimbabwe banks on EcoCash mobile money to create shareholder value

September 19th, 2013


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 [...]

Press Release: Econet reaches 8 Million customers

January 14th, 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.

Press Release: EcoCash now in OK Zimbabwe Limited stores

December 17th, 2012


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.

Thank you. Yes, you.

December 14th, 2012


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.

Press Release: Econet Wireless Zimbabwe appoints new chairman

December 12th, 2012


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.

Econet hires former M-PESA top talent for EcoCash

October 17th, 2012


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 [...]

A big thanks to sponsors & partners of BarCamp & the Challenge

September 19th, 2012


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 to terminate interconnection with Zim government owned operator NetOne

August 23rd, 2012


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, [...]

Econet owed $85m by NetOne & TelOne. About sharing infrastructure, USF

July 18th, 2012


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 Solar’s home power station. Some thoughts

June 26th, 2012


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 Wireless Zimbabwe prepares to launch EcoCash merchant services

June 4th, 2012


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 announces completion of US $307m funding

May 24th, 2012


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 [...]

Trustco seeks to have Econet directors jailed for 90 days over Ecolife

May 19th, 2012


The Ecolife case, now a thorn in Econet’s side, is not over yet. The main headline on the Herald front page today reads “Econet bosses face arrest”. The story basically says Trustco is mad that Econet is ‘getting away with murder’ and they are seeking, through the courts, to have Econet chairman Tawanda Nyambirai, deputy FD Roy Chimanikire and CEO & director Douglas Mboweni jailed for 90 days.