We’ve confirmed via a number of sources that current EcoCash CEO, Cuthbert Tembedza, is leaving Econet Wireless. Tembedza is leaving Econet after about a year & a half and after leading the mobile money company through a period of tremendous success cementing EcoCash’s position as the undisputed leader in mobile money in Zimbabwe. We contacted Tembedza to learn more [...]
Econet Wireless recently introduced a new suite of bundles that offer voice and data at a discounted rates. The product, called Bundles of Joy, also has unlimited local SMSes for the $5, $10 and $20 bundle sizes. At face value this a great deal. For the $5 bundle that has all the services (voice, data [...]
The issue of the EcoCash API has been elusive. First it was a rumour last year. EcoCash itself denied it officially, but those inside told us the company was indeed working on something, or at least had got some people to work on something to enable merchants to process payments online. Then came what appeared to be Econet’s own [...]
A report in the Herald today says Econet Wireless Zimbabwe is being investigation by the Competition and and Tariffs Commission (CTC) for anti-competitive business practices around it’s relationship with local financial institutions on mobile money and mobile banking. The issue is really that of the banks wanting neutral access to the Econet’s network subscribers via regular USSD (and [...]
Econet Wireless, it is emerging, will be launching a new subscription and “pay as you go” TV service called ipidi in the coming weeks to few months. A job advert for a marketing director that the company posted to its website last week Wednesday shows the company is looking to fill the position, in their words, “as soon [...]
We are excited to announce the second edition of the Broadband Forum scheduled for the 6th of June 2014 at Cresta Lodge Harare riding on the theme “Rolling the D.I.C.E. for a connected Future.” The event is focused on creating a platform where the various stakeholders from different facets of broadband technology can identify its [...]
WhatsApp now constitutes 23% of internet traffic on Econet’s network since the introduction of WhatsApp bundles in February. This is according to a press released published by Econet’s technical partner in the implementation of the app-based bundles, Sandvine. The release says Econet has experienced tremendous success with the WhatsApp bundles thanks to “Sandvine’s Usage Management solution implemented [...]
Econet Stores in Harare are tomorrow expected to start selling the Samsung Galaxy S5 for a comparatively low cash price of $788. According to a source at Econet, the Samsung Galaxy S5 only arrived at Econet late last week, almost a month after it was released globally and when other local retailers were already selling [...]
Econet Wireless owned “tech bank” Steward Bank has recorded a loss of $26.3 million for the operating year ended March 2014. Econet Wireless announced this in a media release and the parent company is confident that Steward Bank “would soon turn to profitability”. Although the loss indicates that Steward Bank is not out of the woods [...]
Zimbabwe’s leading mobile operator Econet Wireless is set to announce its annual results up to March 2014 but we are told the media will not be part of the announcement. A source has told Techzim that Econet Wireless is expected to announce their annual results today afternoon at Conquenar House in Eastlea in an announcement only [...]
Econet Wireless founder and Chairman Strive Masiyiwa yesterday announced plans to set up an awards program to reward and encourage African innovators and investors. Strive Mayisiwa announced these plans on his popular mentorship Facebook page and he said the plans are a response to many suggestions from the page followers and he will be setting [...]
Arguably Zimbabwe’s most successful entrepreneur in dollar terms, the founder and chairman of Econet Wireless Global, Strive Masiyiwa, has been named one of the “World’s 50 Greatest Leaders” by Fortune Magazine last week. Masiyiwa is at number 35. The list includes entrepreneurs, sports people, state leaders, non-profit leaders, military leaders, activists and others. On how they [...]
Earlier this week, when we posted about the re-enabling of the EcoCash long USSD codes by Econet, we speculated that we may start to see some new Android apps in the coming weeks. It has happened sooner than weeks. Our sources in the industry have pointed us to Econet’s own Android app that was released [...]
So post paid customers (“contract” we call them in these parts) don’t usually get any promo attention from the mobile operators. Well, not as much as us cheap skates buying dollar airtime scratch cards every other week get. So them getting Econet’s attention with a new promo today, caught our attention. Econet has announced a new [...]
Update: We have since tested Econet Zero again and Wikipedia is now working. Econet has also advised that they have fixed the minor glitch. Econet yesterday announced a ground-breaking product called Econet Zero which gives all Econet Broadband subscribers free access to more than 50 educational websites. Amid all the fan fare of the launch [...]
This is a special Techzim podcast covering the Mobile World Congress taking place in Barcelona Spain. Techzim writer Tendai Mupaso made a Skype call to William Chui who is currently in Barcelona Spain attending the Congress and they spoke indepth about what’s taking place at the congress. Key areas covered in this Techzim podcast are [...]
So we finally got a response from Econet PR on the issue of them automatically registering Econet voice subscribers to the EcoCash mobile money service. It’s basically a, “no we don’t do that” response. Here’s the full response: Econet has and continues to experience exponential growth of its popular EcoCash service, whose customer base is [...]
A tip that came to us via Twitter today suggest Econet is now registering EcoCash users automatically. Meaning, in short, that if you’re an Econet subscriber, you’ll now automatically – with no action on your part – become an EcoCash mobile money subscriber. If true, this will boost EcoCash subscribers from the current 3.5 million [...]
Remember the deal from january last year that set Liquid Telecom as Africa’s largest terrestrial fibre network operator? As part of the deal, Altech, whose East African infrastructure assets Liquid acquired then, had received an 8.6% stake which they dispose of eventually when the option to do so came. Altech has announced last week that [...]
Remember the $15 Huawei dumb phone that was actually $8? Well, it gets even better – now there’s a $15 ZTE dumb phone that’s actually $0. Whoever thought a day like this would come when operators would start giving away devices for free? Certainly not us. It’s hard to imagine this being beyond reach for [...]
In a post on his Facebook page, Econet Wireless founder and current group chairman, Strive Masiyiwa commented on the current BlackBerry episode of its downfall saying he was not surprised by the decline as his experience with them is that they were an arrogant company.
Econet, POTRAZ deputy director general Alfred Marisa said to us in a telephone interview today, jumped the gun with the latest 10 cents per minute tariffs and this is the reason they have been asked to revert to old pricing with immediate effect.
Today we attended a (now former) TN Bank event where the company launched its new name Steward Bank. The rebranding comes a few months after the bank was acquired by Econet Wireless from its former owner Tawanda Nyambirai. It was made clear at the event by the bank CEO, Kwanele Ngwenya, that the bank’s services will be tightly integrated to its telecommunications parent Econet Wireless.
We weren’t sure how direct an entry especially because she referred to it as “mobile banking”. New information we have received from sources in the industry says there indeed is a more direct mobile money project going on at Telecel.
What would have happened if subscribers hadn’t taken to social media to complain? What about if this had affected just 50 people who all didn’t notice? How do we even know this was the first time? What mechanisms does POTRAZ have in place to ensure these glitches are detected when they happen? Does POTRAZ audit the MNO billing systems?
In October last year, it emerged that the Econet Wireless Group had formed a new company to drive the EcoCash mobile money service. Econet Services. The new company wasn’t “launched” or “announced” formally in the market, as far as we could tell at least. The change was treated subtly by Econet in as far as the market was concern.
Remember when Econet promised they’d be launching a product that would excite the whole EcoCash ecosystem? It’s probably happening tonight.
Agribank has become the latest Zimbabwean bank to integrate with the EcoCash mobile money transfer system. The announcement was made today at a press conference jointly held by the bank and Econet Wireless today in Harare. The integration is basically the same as that which Econet has secured with 3 banks so far i.e. to allow EcoCash customers to transfer money between their Agribank account and their EcoCash wallet, and the ability to do that even when they are out of the country.
Just a week after announcing the hire of former FNB executive to head its newly acquired bank, Econet disclosed today (somewhat inadvertently) the hire of another banker, Cuthbert Tembedza, to fill a newly created position of EcoCash CEO.
We’re just from a press conference where Econet Wireless and Stanbic Bank announced the integration of Econet’s mobile money transfer platform, EcoCash, with Stanbic’s banking system allowing EcoCash subscribers to transfer money from and to their Stanbic accounts. Selected branches of Stanbic will also act as EcoCash Super Agents allowing EcoCash agents and customers to do EcoCash transactions.