Zimbabwe and regional technology news and updates



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Cassava results: EcoCash revenue drops by $5bn, Steward Bank’s by $1.4bn in tough year

Cassava SmarTech (trading as EcoCash Holdings) released the audited financial statements for the year ended 21 February 2021. These are the statements that were delayed resulting in the suspension of the trading of Cassava shares on the Zimbabwe Stock Exchange (ZSE) for a few weeks. The delay was because of technical accounting issues as we […]

Steward Bank results: Auditor questions bank’s ability to continue in business

Steward Bank recently released its financial statements for the year ended 28 February 2021. Pouring through the abridged version of the audited accounts raised a few questions. At first glance it appears that Steward Bank might be in trouble. The first strike was that the audit opinion was qualified. Those that have a background in […]

Not just EcoCash: most ZSE companies delaying financial statements

If you needed evidence that the Zimbabwean economy is not an easy one to conduct business in, here it is. The Econet Group subsidiaries are some of the best performing on the Zimbabwe Stock Exchange(ZSE). They are some of the best blue chip shares available. How then did the ZSE suspend the trading of Cassava […]

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 […]

Cassava Smartech share trading suspended by the ZSE

The Zimbabwe Stock Exchange (ZSE) has suspended the trading of Cassava Smartech Zimbabwe shares after the company failed to publish its financial results: The Zimbabwe Stock Exchange’s (ZSE) statement on the Cassava shares trading suspension is as follows. NOTICE TO THE INVESTING PUBLIC TRADING HALT OF CASSAVA SMARTECH ZIMBABWE LIMITED The Zimbabwe Stock Exchange Limited […]

Yet again, EcoSure registers users without consent and deducts money

Almost every single startup has dreams of one day launching an IPO. Going public has its charms, access to cheaper funding being the main draw. However, being publicly traded has its drawbacks. That cheaper funding comes with scrutiny and certain expectations from investors. Econet and EcoSure have investors too, hence expectations. That is what is […]

Cassava Smartech Zim, now trading as EcoCash Holdings Zimbabwe features at ZITF

Diversified fintech group Cassava Smartech Zimbabwe Limited, which is now trading as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year’s Zimbabwe International Trade Fair (ZITF) where it has put up a state-of-the-art stand bringing together all its business units and brands. Although attendance at this year’s edition of the ZITF is somewhat subdued due […]

Econet’s Akello expands digital learning offerings across Africa

Akello, the e-learning or Ed-tech arm of Econet Group offering digital products aligned to national curriculums and local identities and more, has today announced the launch of an end-to-end digital platform. This enterprise is set to broaden the access of learning opportunities for students across Africa according to the company’s CEO, Elizabeth Tanya Masiyiwa. “We […]

Cassava Smartech releases Q1 2021 trading update

Cassava Smartech Zimbabwe, which will soon be known as EcoCash Holdings Zimbabwe Limited, has released a trading update for Q1 2021 ending 31st of May 2021. The update also gives further details on when the company will release its Financial Results for the year ending 28th February 2021. The statement from Cassava reads as follows: […]

Cassava Smartech to become EcoCash Holdings Ltd to avoid confusion

Cassava Smartech Zimbabwe is getting a facelift, in an announcement to stakeholders the company notified all concerned parties that they are going to be shifting to the name EcoCash Holdings Zimbabwe Limited to avoid confusion. Cassava’s Statement on the name change reads as follows: Members are advised that the Company’s controlling shareholder, Econet Global Limited, […]

EcoCash will be asking you to update your account details

EcoCash last week on Twitter put out a notice to its customers notifying them of a Know Your Customer (KYC) or account details update excercise. The message from EcoCash reads as follows: Customer Notice. — EcoCash Zimbabwe (@EcoCashZW) July 23, 2021 CUSTOMER NOTICE EcoCash Customer Details Update Dear Valued Customer,Please be advised that we […]

Cassava’s Maisha Health launches USSD medical aid registration

Cassava Smartech Zimbabwe’s medical or health insurance division Maisha Health Fund has announced a new service that will allow anyone to register for medical aid via USSD. Anyone who needs medical cover can now find options through Maisha Health’s *147# USSD. The main motivation behind this is to increase the digital channels to those that […]

What EcoCash is to financial services, is what ZUPCO is to the transport sector

The Zimbabwe United Passenger Company’s (ZUPCO) has reemerged from its long slumber. The last time ZUPCO had a presence anywhere near to what it has today was back in the late 90s early 2000s. And even though it is still working at a fraction of its capacity, the company still moves tens of thousands of […]

EcoCash warns customers of account hijacks (again)

EcoCash has released a statement warning customers to be vigilant especially where it concerns account hijacks or takeovers: Public Notice Warning: Guard Against Fraud EcoCash is aware of reports of fraud, where unsuspecting EcoCash customers have lost money to criminals using false identities after they harvest customers’ mobile phone numbers from social media platforms such […]

EcoCash reaffirms its position as a licenced Bureau de Change

Straight from the horse’s mouth…

Cassava needs to break up Sasai into separate apps & here’s why

Its cheap to use but it is very confusing and cluttered…

Vaya tried to make me pay for a ride I never took

Strange things happen on these apps…

What effect could Facebook, WhatsApp & Sasai have on Zim elections?

social media is more powerful than ever.

Cassava secretly shuts down EcoCashSave

Cloak and dagger…

Moovah launches pay as you drive vehicle insurance

Telematics, usage-based or Pay As You Drive Insurance…

Steward Bank ends 2020 with 1.9 million customers, Biggest bank in Zim?

Steward Bank ended 2020 with 1.9 million customers which according to Cassava’s report makes it the biggest bank in Zimbabwe in terms of customer base.

Cassava subsidiaries Maisha & Vaya join forces to deliver medication

Cassava Smartech’s Vaya and Maisha Health have joined forces to deliver medication.

Cassava Smartech’s revenue fell by 34% for period ending 31/08/20

Cassava has released its financial statement for a six month period ending 31 August 2020 and the group’s revenue fell by 34% for the period under review.

EcoCash announces regional & international remittance partnerships

EcoCash has increased its presence in the remittance space through partnerships with regional mobile operators and international money transfer companies.

Strive Masiyiwa accused of stealing the idea for Sasai’s Health Status Report

Strive Masiyiwa and Cassava have been accused of stealing the idea for what is now Sasai’s Health Status Report from David Rice co-founder of PocketPatientMD.

Cassava bemoans regulatory pressures placed on EcoCash in investor update

Cassava Smartech -EcoCash’s parent company- issued a trading update outlining the the first half of the year and what investors and the general public can expect going forward. In the update there are a number of interesting points to harp over and one of the key talking points will be the regression of EcoCash due […]

Sasai adds useful WiFi finder to list of features

So when I browsed through, Sasai yesterday whilst working on the article for their new Moments feature – I clearly wasn’t thorough enough. In the bottom right corner is another new feature – WiFi Finder. I only came to know about this after Sasai sent a press release in relation to the new feature. WiFi […]