Zimbabwe and regional technology news and updates



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“ZANU PF commends gvt for allowing ‘EcoCash’ to be overseen by RBZ through Zimswitch”

The title of this article is a paraphrase of part of the statement issued by ZANU PF today commenting on the economy. Here is the actual excerpt: ZANU PF also wishes to commend government for the decision that it has taken to allow mobile money operators to be overseen by the Reserve Bank of Zimbabwe […]

Zimbabwe Mobile Money Vs Other Countries

In 2018 alone, USD 40 billion passed through people’s phones and more than half of that money was passed through phones in Africa. Those stats tell a story of the growing role of mobile money in our lives. In Zimbabwe’s case, the persistent cash shortages continue to hammer home the fact that “mobile money is […]

A drastic 35% drop in Ecocash cash-ins and cash-outs in just 3 months (report)

The current liquidity crisis in Zimbabwe has hit mobile money really hard. A report by the telecoms regulator in Zimbabwe, POTRAZ, says mobile money transactions in the last quarter of 2016, October to December, dropped 35% from the previous quarter. Since 99% of all the mobile money transactions in country are EcoCash transactions, mobile money in […]

NetOne acquires new platform for OneWallet mobile money service, will relaunch it in March 2017

For years, NetOne, the Zimbabwean mobile network operator has struggled to grow OneWallet, its mobile money service and a lot of information on it that’s been shared so far indicates that the service hasn’t been profitable. Now, NetOne wants to change that with a new platform and yet another service relaunch.

RBZ issues stern warning against participating in Ponzi/Pyramid schemes, points finger at MMM Global Zimbabwe for misleading the public!

The Reserve Bank of Zimbabwe issued a public statement yesterday, 25 August, warning the public against participating and investing in Ponzi and Pyramid schemes. According to the RBZ, Ponzi and Pyramid schemes tempt people into investing their money in lucrative investments and contribution systems with the promise of high returns. The RBZ further explains that a […]

EcoCash lowers tariffs, maintains charges for cashouts

Some good news for the 6 million people using EcoCash, Econet’s mobile money service. It has reduced some of its money transfer tariffs. This comes after it also removed merchant payment fees last month.

Zimbabwean hackers & Net Neutrality, cost of internet, the Astro factory and mobile money: Podcast

While Net neutrality is one burning issue discussed in this podcast, other topics touched on include the cost of internet in Zimbabwe, mobile money’s growth and how it has been reflected in the latest Central Bank Monetary Policy, and the new TV and hardware factory from local devices company, Astro.

Econet suspends EcoCash mobile money transfers to other networks

Unlike other mobile banking offerings that have emerged on the market, customers using EcoCash are not required to have a bank account, do not need to switch their SIM cards for new ones, and can move money across different mobile networks.