Last week Techzim wrote about how three of our own companies; Liquid Telecom, ZOL and Econet Wireless had been nominated for the largest technology, telecoms and media event in Africa, AfricaCom’s awards ceremony. Let’s not mind the technicalities of that “our own companies” statement for now and just go with it, after all, it’s a good story ain’t it?
Anyway, of the 3 companies that we stated, Econet Wireless made it!
However since the award was a product/service centric award, it means that it’s not Econet as a company that won but rather its product/service EcoCash, EcoCash diaspora to be precise.Therefore, it follows that it wasn’t only Econet Wireless that was acknowledged for this service but Mahindra Comviva too since the service is a product of their partnership.
The EcoCash dispora service allows allows for Zimbabweans that are overseas to send money to their friends and/or relatives back home. It also gives the receiver 7% of the remitted amount as incentive, and last we checked they were giving the remitted amount in USD only if the receiver cashes out from an Econet shop.
However, part of the T&Cs of receiving the 7% incentive state that sender has to send the money into the EcoCash wallet of the receiver through any one of the following: Mukuru, Cassava Remit, MoneyGram, Call Home, World Remit, MTN, Afrocoin, Western Union, MTN Zambia and Mama Money.
I do believe the product is worth the award considering how remittance issues have become a problem in Zimbabwe due to
forex hoarding forex shortages. But then again, I haven’t followed up to see how the process in practice matches up with the one on paper. Maybe you could share your experience in the comments section if you’ve used the service before.
Nevertheless, here’s the list of the rest of the winners that receive the AfricaCom award last night:
Best Network Improvement – Mauritius Telecom for accelerated FTTH deployment
Delivering Excellence in Customer Experience – MTN and Huawei for their Customer Experience Management (CEM)
Best Network Function Virtualisation solution – Ericsson for the Ericsson HDS (Hyperscale Datacenter System)
Changing Lives Award – UNHCR for the Smart WiFi Kiosk
Most Innovative LTE Service/ Application Deployment – Parallel Wireless for making LTE deployments as easy and as cost-effective as Wi-Fi
Best Innovation in Broadcast – Broadband Convergence – Telkom and Huawei for their Telkom LIT_ Service solution
Most Innovative Service ” The Business of Tomorrow“ – Orange for rural electrification
Outstanding Data Management or Analytics Solution – BWTech International Limited for NetChart
CXO of the Year – Ben Cheik Haidara, CEO, Orange, Bukina Faso.
And of course;
IoT Product / Service of the Year – Mahindra Comviva and Econet Wireless for EcoCash Diaspora
Liquid Telecom is one of the fastest growing internet service providers in Zimbabwe in particular and Africa in general. It provides state of the art fibre internet which links Zimbabwe and the Southern African region to the outside world. The company is a subsidiary of... Read More About Liquid Telecom
Econet Wireless Zimbabwe, a subsidiary of Econet Wireless International, is the first and largest mobile network services provider in Zimbabwe. The telecoms giant became popular with its products and services such as Buddie. It has established branches in different corners of the country and enjoys... Read More About Econet
EcoCash is a mobile money transfer facility which is run by Econet Wireless Zimbabwe. The facility has grown in leaps and bounds since its inception and is arguably the largest mobile money transfer agent considering the huge sums of transactions that the platform is said... Read More About EcoCash