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Zimbabwe and regional technology news and updates

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RECHARGE

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MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now

MMM Zimbabwe made a lot of people rich but eventually made a lot more poor, typical of any pyramid/ponzi scheme that has come into existence. Yes, the whole concept was to use “spare money” and this is probably the gospel your guiders preached throughout your participation but the truth is many participants succumb to the lure […]


MMM Zimbabwe is offering its members 1% of their account balance in account clearing exercise after 80% devaluation

READ: MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now MMM Zimbabwe is still alive but barely breathing. Ever since the RBZ warned citizens against participating in the pyramid scheme and EcoCash distanced itself from any illegal activity conducted on its platform citing MMM Zimbabwe, Sergei Mavrodi’s  “global fund […]


MMM reacts to public scrutiny, re-opens accounts, existing members lose 80% of their money

MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now Earlier today, MMM East Africa, MMM Global Zimbabwe‘s parent organization, released a public statement on its website. The statement gave notice to all members of the immediate suspension of its account freezing process, 9 days earlier than initially […]


Is EcoCash turning a blind eye on money laundering and illegal activities?

Econet’s EcoCash released a public statement today distancing itself from MMM Global Zimbabwe and any other illegal activities such as Ponzi schemes. In their public statement, EcoCash reminded us that it is a licensed mobile payment platform that facilitates financial transactions (sending & receiving money, buying prepaid airtime and paying for goods and services) for […]