Techzim

Zimbabwe and regional technology news and updates

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A new price control/exchange rate SI would be a huge mistake

From what have seen over the last week or so it is likely that the authorities are at the very least thinking about a new Exchange Rate or Price Control Statutory Instrument (SI). Last week the Reserve Bank of Zimbabwe (RBZ) named individuals who were involved in currency manipulation on social media. The central bank […]


Company that routes billions of U.S. SMS messages says it was hacked for five years

According to a report by Ars Technica, Syniverse a company that routes hundreds of billions of SMS messages was the victim of a five-year hack. Syniverse, in a disclosure to the SEC (Securities and Exchange Commission), said that they noticed in May 2021 that someone had unauthorised access to its systems since 2016. After finding […]


Local startup set to launch digital COVID-19 vaccination passport in November

Despite the QR code upgrade made to the COVID-19 vaccination cards, there has yet to be a digital version of the document. This is also compounded by the problem that we also don’t have a digital contact tracing platform. Well, a local startup called Hiclicker is looking to change that as it has announced that […]


Here’s why local money transfer firm Shumba Money slashed transaction fees

Earlier this year Shumba Money, a local remittance or money transfer startup, announced that it would be slashing fees for transactions to Zimbabwe. This wasn’t something out of the ordinary because we had seen something similar from Senditoo last year. However, Shumba Money is a relatively young player in the game and we were curious […]


Steward Bank adds Senditoo & Thunes as money transfer partners

EcoCash Holdings Zimbabwe’s banking division, Steward Bank, has announced that it has partnered with international money transfer or remittance services Senditoo and Thunes. The partnership is to further expand the bank’s footprint in the remittance space. As I am sure you are all aware, remittance figures have been at heights never before seen (US$1 billion […]


Gwinyai Nyatsoka: CTO for a US tech firm who wants to teach local devs how to do the same remotely

Gwinyai Nyatsoka is a Zimbabwean developer who made it big teaching on Udemy a few years back. When he shared his earnings, the total came to around US$20K, since that time he has become the Chief Technical Officer at Cobbles, a US-based software development firm. I recently had a conversation with Gwinyai Nyastoka about his […]


ZSE Direct now has a mobile app

The Zimbabwe Stock Exchange (ZSE) has announced that it has launched an app for its online “Direct” trading platform. Introducing the ZSE Direct Mobile App It has been one year since we launched the web based version of ZSE Direct, an online trading platform that enables retail investors a smart way to manage their ZSE […]


Nigeria’s govt will lift the Twitter ban if certain conditions are met

Back in June, Nigeria’s government suspended Twitter in the country “indefinitely” after a controversial tweet by President Muhammadu Buhari’s was deleted. The tweet threatened to punish secessionists which goes against Twitter’s terms of service. “Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during […]


Standard Chartered Zimbabwe wins best digital bank for 2021

Global Finance Magazine named Standard Chartered Zimbabwe as the best digital bank in the first round of its annual Best Consumer Digital Bank Awards for 2021. Other categories in the first round included Best Corporate/ Institutional Digital Banks and the Best Islamic Digital Banks at the country level. Winners were selected in Africa, Asia-Pacific, Central […]


EcoCash Holdings releases statement on ZSE share trading halt

Earlier today the Zimbabwe Stock Exchange (ZSE) released a statement saying that it had halted the trading of Cassava Smartech’s (trading as EcoCash Holdings) shares due to a delay in the company releasing its financial results. In response to this EcoCash Holdings has itself released a statement to its shareholders on the matter of the […]


Crowd-based solar startup Sun Exchange secures US$2.5 million

Sun Exchange, a crowd-based global solar leasing platform, today announced it has secured $2.5 million in convertible note financing from ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners Limited (ARCH). This follows the company’s closing a $4 million Series A funding round in 2020, led by a $3 million investment […]


Facebook releases research on Instagram’s effect on teen mental health

After facing backlash from a Wall Street Journal report that exposed the effect of Instagram’s effect on the mental health of teens, Facebook has released two slide decks from its internal research on the matter on its blog. The information drop was also done ahead of Facebook’s Global Head of Safety, Antigone Davis’ appearance in […]


34% of people in Zimbabwe are not interested in e-commerce

It looks like a good number of people in Zimbabwe don’t care for e-commerce and online services according to Zimstat. In the recently released findings from the 2020 ICT Access by Households and Use by Individuals Survey, 34% of Zimbabweans answered “not interested” to the question about barriers to purchasing goods and services online. Although, […]


Over 90% of internet usage in Zimbabwe is via mobile data

The Zimstat and POTRAZ 2020 ICT Access by households and individuals report revealed mobile data is the most widely accessible form of connectivity at 95.7% for narrowband with broadband at 93.1%. These figures aren’t too surprising seeing as the other ways to access the internet need considerable capital investment. Getting a fibre or ADSL connection […]


58.8% of Zim households have a smartphone – ZimStat

The Zimbabwe National Statistics Agency (ZimStat) in conjunction with the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), today presented the 2020 ICT Access by households and individuals. The findings were gathered through a survey of 10,325 households both rural and urban. From that sample, ZimStat was able to get a 90% response rate, so […]


Entrepreneurs, your 2023 campaign starts now

I don’t care who you support or where on the political spectrum you are. All of that is immaterial because doing business as a startup or an entrepreneur is exceedingly difficult in Zimbabwe. The payments system, for example, is a maze with one dead end after another. So what am I asking you to do? […]


All remittance companies that operate in Zim service fees compared

Remittances continue to be on the rise even though there is a global pandemic. Last year money transferred to Zimbabwe through money transfer agents was just over US$1 billion. Now, there are a number of services both for Zimbabweans in the Diaspora to send money back home as well as for locals to send money […]


RBZ names illegal forex dealers and exposes their private information

The Reserve Bank of Zimbabwe’s (RBZ) Financial Intelligence Unit has identified individuals who have been using mobile phone lines and social media for illegal forex dealings (dealers) and money laundering. The full statement by the Reserve Bank of Zimbabwe on this issue reads as follows: The Financial Intelligence Unit (FIU) has identified individuals listed hereunder […]


Local rideshare startup Tuverl selected for Smart Cities Innovation Programme

The Zimbabwean startup ecosystem has been doing really well on the international stage. We have seen a number of our own being selected for accelerators and incubators the world over. Among the high achievers, is Tuverl a Bulawayo-based mobility startup. Earlier this year it won US$25,000 from the Havard Innovation Challenge and Tuverl has followed […]


ZOL rolls out Wibroniks to 28 new locations

Fresh off a price increase in both local currency and USD, ZOL has announced that it has extended its Wibroniks LTE service to 28 new locations. Our LTE service is now live in more locations near you! Explore without limits. Turn It Up with ZOL for just $100 RTGS.Click the following link to sign up […]


TikTok hits 1 billion monthly users milestone

After surviving a Trump Administration onslaught that threatened to end the platform’s existence in North America, TikTok has announced that it has reached the 1 billion users a month milestone. “At TikTok, our mission is to inspire creativity and bring joy. Today, we’re celebrating that mission and our global TikTok community. More than 1 billion […]


The 30% data, voice & bundle tariff hike had POTRAZ’s blessing

In news that you probably know, because NetOne customers are already feeling the brunt of voice, data, and SMS tariff hikes, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) granted Zimbabwe’s mobile network operators NetOne, Telecel and Econet the green light for a 30% out of bundle price increase. The domino effect was set […]


Liquid launches Operator Connect, linking PSTN phone services with Microsoft Teams

Liquid Intelligent Technologies has continued to deepen its ties with the Microsoft ecosystem. A couple of months ago, the company’s local subsidiary ZOL notified its customers that it would be migrating email and web services to Microsoft 365. And now Liquid has announced the arrival of Operator Connect for Microsoft Teams. “We are delighted to […]


Local startup creates a platform that allows anyone to start a domain registry & web hosting business

More and more businesses are making their services available beyond physical stores and social media to the wider internet because of the pandemic. No one wants to be left behind and more importantly, businesses don’t want their domain to be taken by someone else. Buying a domain (and web hosting) is relatively easy in Zimbabwe […]


Wadiwa Wepamoyo Season 2 on Gateway Streams, it’s Jah Prayzah all over again…

Wadiwa Wepamoyo Season 2 dropped today on Gateway Stream, the same platform that Jah Prayzah dropped his album exclusively a little while ago. And it looks like the problems that plagued the latter’s rollout affected Wadiwa Wepamoyo but with the added dimension of video. You can listen to or download the podcast with the link […]


Africa’s cryptocurrency economy grew by over 1200% in a year

According to a study by Chainalysis, Africa’s cryptocurrency economy grew by 1200% between July 2020 and June 2021. The value of transactions was estimated to be US$105.6 billion during that period. This makes Africa the third fastest-growing crypto-economy globally which is pretty surprising judging from regulators on the continent not unanimously welcoming alternative currencies with […]


ZESA serious about drones; parastatal tours another local startup

Earlier today we reported on a ZESA delegation that got a tour of Precision Aerial‘s facility and was given the outline of the startup’s services. It looks like just after that presentation, ZESA and their Rwandan counterparts paid a visit to Drone Solutions Academy (DSA), another local player in the unmanned aerial systems space. Drone […]


Local freelance startup AfriBlocks gets US$100K funding from Google

AfriBlocks has gone from strength to strength. The company announced yesterday that it has been awarded US$100,000 by Google as part of its US Black Founders Fund. “It’s such an honour to be announced as part of this year’s Google for Startups U.S. Black Founders Fund. From technical support to a network of incredible startups, […]


Zim’s drone expert talks about manufacturing plans & problems with local operating environment

Yesterday, Zimbabwe’s Drone expert Tawanda Chihambakwe pitched his ideas to ZESA and a delegation from Rwanda Energy. After the presentation, I had an opportunity to talk to Tawanda about the plans that he had going forward like manufacturing drones locally. We also talked about the problems that local startups have had in navigating Zimbabwe’s very […]


Local startup pitches drone use to ZESA and Rwanda Energy

Drones or unmanned aerial systems (UAS) have really come to the fore worldwide with their versatility and numerous use cases that have increased efficiency in a number of industries. Locally, Tawanda Chihambakwe has been at the front lines of this effort. For anyone who might not know who he is, Tawanda is a licenced drone […]