Techzim

Zimbabwe and regional technology news and updates

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When You Install A Local Banking App, What Data Are You Giving Away?

If you have tried your hand at internet banking – using the banking apps specifically- you’ve probably had a convenient experience thus far. It’s certainly better than what you get using USSD anyway. But what do these banks ask for in return? Most of us (myself included) download an app and quickly allow the app […]


National Building Society Finally Linked With EcoCash

National Building Society (NBS) account holders are now able to link their bank accounts with the EcoCash mobile money platform. By doing so the bank has joins others like Standard Chartered, ZB Bank. CBZ, Stanbic, NMB, Agribank and Banc ABC etc. which are already integrated with EcoCash. Obviously, NBS was prompted to link its bank […]


Agribank’s Loans For Small Businesses Come With Support To Increase Likelihood Of Success For The Entrepreneur

Agribank is slowly changing it’s narrative and associated image from being just a bank for farmers (nothing wrong with that) to being a partner for small businesses. Access to (lack of) adequate funding remains one of the biggest challenges that entrepreneurs face. Desperation often drives people into making deals with the devil loan sharks. Agribank […]


Agribank Secures $30 million Line Of Credit From South African Finance Institution, IDCSA

Agribank has just secured a line of credit worth $30 million (at Libor +8,9 percent) million from Industrial Development Corporation of South Africa (IDCSA). IDCSA is a South African state-owned financial institution. IDCSA is no stranger in lending to Agribank as it disbursed a total of $60 million back in 2011 and 2012 when the bank […]


2018 Looks Bright For Agribank As The Bank Posts $2.9 million Profit

Agribank has just registered a profit amounting to 2,9 million in the first five months of the year to May 31, 2018. The bank was once infamous for its series of losses until 2016 when the bank got back on its feet and recorded profits (for the first time) in as many years. The bank […]


Bitcoin startup Bitmari introduces farmers in rural Zimbabwe to cryptocurrency as a cash alternative

In the Zimbabwean cryptocurrency space, there have been a couple of players that have been focused on Bitcoin as a currency alternative. On this list, there’s Bitmari  – a startup that has been laying the groundwork to be the country’s first Bitcoin remittance startup. While the startup wrestles with the regulatory aspects associated getting its primary service off the […]


Nettcash’s the only privately owned mobile money service selling ZESA. How did it pull it off?

The sale of prepaid electricity has been opened up to Nettcash, the youngest mobile money service which has no visible ties to the government. Just how did Nettcash pull this off when other operators like EcoCash and Telecash are being excluded?


ZESA adds TelOne, Agribank to electricity coupon agents. Excludes Econet, Telecel

The mobile payments revolution of the past three years has brought unparalleled convenience to Zimbabwe. Just as it has in many African countries. It has meant significantly less hassle in moving money (and therefore value) between people and between people and business. Everything from paying your water bill, pay TV subscription, insurance and even school fees. ZESA, however, chooses […]


Ditch your bank if they’re not connected to EcoCash, says Econet

Between December 2012 and February this year, Econet announced in quick succession, the integration of its EcoCash mobile money transfer service to traditional banks, allowing EcoCash users to transfer money seamlessly between their bank accounts and EcoCash Wallets. It was CBZ, TN Bank, Stanbic, Agribank then ZB Bank.


Agribank CEO, Sam Malaba, encourages banks to integrate with EcoCash

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.