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Author: Leonard Sengere


Here Is How Much Zimbabwean Banks Charge You For POS Transactions

Zimbabwe is now almost completely a cashless economy. The latest report on payment systems from the Reserve Bank of Zimbabwe revealed that cash was responsible for only 2.05% of all monetary transactions. This means we are now effecting 97.95% of all payments through electronic means – cards, internet and mobile. This did not come as […]


This Is The State Of The Payments Sector in Zimbabwe

It is human nature to assume that one’s experiences are similar to everyone else’s. Living in urban Zimbabwe, it is easy to forget that over two thirds of Zimbabweans live in rural areas and oftentimes their experience living in this country can be worlds apart from their urban counterparts’. For instance, access to electricity in […]


Dogfight: The Mobile Network Operator Battle For Market-share In Zimbabwe

It is hardly news that Econet has the lion’s share of market share in the Zimbabwean mobile telecommunications industry. This has the been the case for as long as we remember, even though Econet was the last mobile network operator to enter the race. Why is that? Let us explore.   The mobile network operator […]


How Is The Contested Election Result Affecting Zimbabwe’s Re-engagement Plans?

There is no sufficient word to describe the last ten months in Zimbabwe. We saw events we never thought we would get to see in this ‘peace-loving’ nation of ours. Each of those events had a profound effect on the outlook of the ordinary citizen. A nation accustomed to hardship in the last two decades […]


Will Wallet-To-Wallet Transfers Really Change The Fortunes Of OneMoney And Telecash?

It is no secret that the government is not too chuffed about EcoCash’s dominance in Zimbabwe. The minister of ICT, Supa Mandiwanzira is on record multiple times saying as much. The fact that the government has two products of its own in direct competition with EcoCash and yet combine to command a pitiful 2% market […]


Reserve Bank of Zimbabwe Defends Ban On Cryptocurrencies In Court

Here is the latest chapter in the Golix vs RBZ (Reserve Bank of Zimbabwe) saga. The RBZ filed its opposing application with the courts. Summary of how we got here: the RBZ banned the trading of cryptocurrencies, ordered banks to freeze Golix’s accounts and then ordered Golix to cease operations. Golix sued and got an interim […]


Rwanda Puts National Currency On Blockchain; Cost-Free Transfers, Cash-Outs For Everyone

Rwandan bank I&M partnered with a Norwegian firm to launch a blockchain based solution called SPENN and it is a big deal. SPENN is a mobile banking application and that is how it appears to the general public. It looks just like other mobile banking apps everyone is used to. But that’s on the surface. […]


It’s Tough Doing Business In Zimbabwe; The Story Of A Crypto Exchange

Be warned, this story will make you angry. We have been told time and time again that Zimbabwe is for sale open for business. This story will highlight just how empty that statement is, or at the very least get you asking just to whom (who?) is Zimbabwe open. Tatenda Mabungu Tatenda Mabungu is one […]


The State Of Blockchain Technology In Zimbabwe, Get The Techzim Report

Zimbabwe has been in the news recently over the ban of cryptocurrency trading by the central bank. There has been lots of debate about whether such a ban was necessary or not and even the courts are involved now. The debate has pulled in blockchain enthusiasts as well who of course have made the debate […]


Econet Manages To Squeeze More From Their Customers: Average Revenue Per User Up

Talk about stellar results. Yesterday, the Econet group released the financial results for the year ended 28 February 2018. We were impressed to find that profits after tax were up 125% to $132m whilst revenue was up 34% to $831.6 million. EcoCash was responsible for a huge chunk of that growth and is growing in […]


Petition To Zimbabwean Parliament To Regulate And Not Ban Cryptocurrencies Launched

May 2018 proved to be a crazy month in the cryptocurrency world. Cryptocurrencies went from ‘allowed’ to ‘banned’ and back to ‘allowed’ all in the space of 12 days. Governor John Mangudya and his friends at the Reserve Bank of Zimbabwe (RBZ) overstepped their authority and issued a directive banning the trading of cryptocurrencies. They […]


Zimbabwe Is Not In Good Company When It Comes To Banning Cryptocurrency Trading

It may seem like all we are talking about is the Reserve Bank of Zimbabwe’s (RBZ) ban on cryptocurrency trading lately. I believe we have good reason to do that. That kind of decision making by the RBZ needs to be nipped in the bud. This is not necessarily because we believe in cryptocurrencies but […]


Failed To Buy Techzim Insights? Sorry…Here’s How You Can Buy

We recently released two products that were for sale; A Guide To WhatsApp for Business and Techzim’s Write-Up on EcoCash. There were problems with the payment method we used and so we have come up with an easier solution, though not as elegant. The workaround we have now is to use our EcoCash account and […]


Would A Telecel-NetOne Merger Make More Sense Than Partial Privatization?

The government, through the Finance Minister Chinamasa has shared its plans to reform State-Owned Enterprises. In that plan, we found out that both Telecel and NetOne are going to be partially privatized. Today, the government owns 100% of NetOne. The Telecel situation is not as straight forward.   Telecel The government owns 60% of Telecel, […]


Just How Did EcoCash Come To Be So Dominant? Techzim Analyses Their Strategy

We have all watched as EcoCash’s dominance has increased in Zimbabwe to near monopoly levels. The mobile money service has become an essential payment method in this country. Most of us signed up for the service and so were not surprised as details of the dominance were shared. Today, EcoCash has close to 98% market […]


Sports, Cryptocurrencies and Smart Watches. There Is A Deep Connection In This Crazy Week

If you’re reading this on Techzim, there is a very good chance you are not really into sports. We can all agree that there is some truth in the stereotype that the technologically inclined (geeks and nerds) do not really get why sports are a thing. If you indeed are one of those indifferent to […]


ZB Financial Holdings Profits Up 36%, More Takeaways In Stellar 2017 Financial Results

Techzim was in attendance as ZB Financial Holdings held an analysts and media briefing where their financial results for the year ended December 2017 were released. Upon reaching the venue we were pleasantly surprised when we were asked to pull out our smartphones to register. We connected to their Wi-Fi network and proceeded to register […]


Bitcoin Drops To Less Than $6,000 After Highs Of $20,000. Why?

We will remember 2017 as the year of the cryptocurrencies. In that year, especially in the last quarter, Bitcoin and the other virtual currencies saw exponential growth unlike anything that had ever been seen before. In the fourth quarter of 2017 Bitcoin grew by almost 500% internationally, the price of one Bitcoin rising from $4000 […]


YouTube Go Officially Available In Zimbabwe, This Is A Bigger Deal Than You Might Think

YouTube Go was launched last year with India being the first to get the app. After it proved to be popular it was launched in 14 other territories, including some African countries. The response was encouraging and now YouTube Go has been expanded to over 130 countries, Zimbabwe appears to be one of them. We […]


52.3% Of Zimbabweans Say Social Media Is Their Source Of News

If you were wondering just how it is that fake news spreads so much in Zimbabwe, wonder no more. The latest poll by Voices of Zimbabwe has revealed that most Zimbabweans get their news from WhatsApp. The poll asked people where they get information about events in the country from. A hefty 42.8% said they […]


No EcoCash Transaction Can Complete Without A PIN

In times like these you wonder, ‘what’s the point of social media?’ It is the convenience and cost savings we seek out but the package seems to come tied in with those who delight in causing panic. Like the joker, some people just want to watch the world burn. For most who read the ‘news’ […]


Did Steward Bank Rush The Launch Of Kwenga?

We were in attendance when Steward Bank launched Kwenga, an affordable and portable Point of Sale (POS) machine crafted especially for small businesses. The Kwenga products There actually are two Kwenga machines, one requires the user to have a smartphone and costs a mere $35. The Kwenga device and the smartphone then connect via Bluetooth. […]


ZSE Finds New Revenue Source But Website Issues Persist

The Zimbabwe Stock Exchange (ZSE) has refreshed its website. They have gone for a more modern design which is easier to navigate. Upon visiting the site, one is welcomed by four large tabs. The tabs are clearly labeled; Corporate Announcements, My ZSE (Analytics,) Daily Price Sheet and FAQS (Frequently Asked Questions.) The information provided once […]


ZBC TV Is Stealing Content From YouTube, Stealing From Thieves At That

Over the years ZBC TV has entered into various deals with content owners across the world. Deals which brought sports content, African series and movies and more were signed and the nation was treated to quality content. For those who were old enough to watch the national broadcaster when it still was tolerable we remember […]


POTRAZ Launches National Frequency Plan Which Details How Spectrum Is Used In Zimbabwe

Back in 2013 the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) unveiled the first draft of Zimbabwe National Frequency Allocation Plan (ZNFAP). After inviting the public’s input and considering it, POTRAZ released the final document yesterday, the 30th of January 2018. The ZNFAP ‘gives guidance on how Spectrum is used in Zimbabwe, but is […]


Report Says China Was Spying On The African Union, China Responds

French paper Le Monde has been revealed that the Chinese government was spying on the African Union (AU). This came after China ‘gifted’ the AU a building packed with surveillance devices. The current AU headquarters building in Addis Ababa cost $200 million and was paid for and constructed by China as a ‘Gift of China […]


The $1m U-Gain Notes Were Oversubscribed But You Can Still Get Involved

U-Gain is a retail note which offers a fixed interest of 9% per annum. The note’s investment period or tenure is 12 months. The U-Gain Note was issued by Untu Capital. What sets U-Gain apart is that investors can subscribe using mobile and online devices and paying using mobile wallets. Untu Capital realized that by […]


It Looks Like OneFusion Has Been A Failure For NetOne

NetOne, the second largest mobile telecommunications company in Zimbabwe, launched OneFusion, an integrated prepaid package, in June 2016. OneFusion bundles offer some of the best value for money on the market. The comprehensive plans offer users on-net and local and international off-net voice minutes as well as SMSs. Users also get data, some of which […]


Zimbabwe’s Informal Sector Largest In Africa, Second In The World

A recent study by the International Monetary Fund (IMF) has shown that Zimbabwe has the second largest informal sector in the world. Only the south American Bolivia has a larger black market. The working paper titled, ‘Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ says more than 60% of […]


EcoCash Savings Club Nominated For An Award At Mobile World Congress

Mobile World Congress (MCW) 2018 will be held from the 26th of February to the 1st of March. MWC is ‘the largest gathering for the mobile industry where industry leaders gather, network, showcase, and exchange ideas.’ At each edition of the conference several awards are given to players in the mobile industry from around the […]