Econet Wireless walks away with two Gold awards
2013 May 16 | 1877 Views
At least 33 Zimbabwean companies yesterday received awards from a South African-based consultancy firm, PMR Africa. The awards were based on points that the companies accrued in a survey that PMR carried out which looked at the contribution of the companies to Zimbabwe's economy.The awards were in ...by Staff Reporter
Econet scoops the 2013 ZITF best overall Zimbabwean display award
2013 April 27 | 2269 Views
ECONET Wireless yesterday scooped the 2013 Zimbabwe International Trade Fair (ZITF) best overall Zimbabwean display award.The mobile phone company received the President’s award and the ZITF gold medal. It also walked away with the best Zimbabwean display in information communication and technolog...by Staff Reporter
Econet to remain dominant in Zim telecoms sector
2013 April 15 | 1786 Views
FINANCIAL and equity analysts, IH Securities, believe Econet Wireless will remain the dominant company in the telecommunications sector, despite seemingly losing about 9,3 percent of the market share."The year 2012 brought the most significant level of competition we have seen in the Zimbabwean tel...by Business reporter
ZSE:- Econet, Innscor drag Industrials lower
2013 April 11 | 2092 Views
Losses in heavyweights Econet and Innscor dragged the Industrials lower for the second straight session on Thursday wiping out gains in Delta and Natfoods.The Minings sector also extended losses after the blue chips Hwange and RioZim traded lower to cancel out gains in nickel miner Bindura.The Indus...by Business reporter
Econet introduces a Wi-Fi device to compete with fixed broadband providers
2013 April 09 | 3217 Views
Econet has introduced a mobile Wi-Fi device aimed directly at "small group" broadband users to compete directly with the fixed broadband providers."It's a device by the Chinese telecoms infrastructure and devices giant Huawei; a model called E5332. Some of you probably saw the first adverts in the w...by L.S.M Kabweza
Econet official speaks on EcoCash
2013 April 09 | 2862 Views
EcoCash Interview: How is relationship with Zimbabwe central bank?
http://www.youtube.com/watch?v=_HnAUYAOnCg
...by Staff reporter
Econet Wireless unveils phone debit card
2013 March 27 | 5381 Views
Zimbabwe's largest mobile phone company, Econet Wireless, has unveiled a new function on its mobile money service EcoCash which allows a cellphone to also operate as a virtual debit card.The functionality is a first in the world and in Africa where mobile banking services are expanding as more peopl...by Staff Reporter
ZSE: Econet rebounds to break Industrials' 4 day losing streak
2013 March 15 | 2049 Views
Econet recovered a significant 4.10c or 6.72% to 65.1c at week's end to snap Industrials 4-day losing streak.The Industrials Index recovered 2.61 points or 1.41% to 187.82 helped by gains in Econet, DZLH and OK Zmbabwe while the Minings Index remained stable at yesterday's level of 67.23 as Bindura ...by Business reporter
Econet slashes EcoCash tariffs
2013 March 12 | 3243 Views
Econet has slashed the cost of sending money through EcoCash by as much as 34%, with transactions of less than a dollar now completely free. The new tariff regime is expected to accelerate growth of a service that already processes more than 2 million transactions per week, valued at more than $35 m...by Staff reporter
Econet donates 4 700 solar lamps to charities
2013 March 10 | 2373 Views
Econet Wireless last week donated 4 700 solar lamps to various charities to help alleviate the current electricity shortages affecting the country.Speaking at the handover ceremony of the lamps in Harare last week, Econet Wireless chief executive Mr Douglas Mboweni said they were determined to impro...by staff Reporter
Econet to open an outlet in SA's Hillbrow
2013 March 07 | 3365 Views
ECONET Wireless Zimbabwe is to extend its footprint into South Africa, with plans to open a new shop in Johannesburg to serve its Zimbabwean clients, BusinessDay reported.Econet's first shop in South Africa will be in Hillbrow and is intended to cash in on the success of its call-home facility, whic...by Staff reporter
Econet continues to innovate
2013 March 07 | 4434 Views
As it continues on its path to diversify income streams, it was recently reported that Econet Wireless, Zimbabwe's largest telecommunications company, is to extend its footprint into South Africa, with plans to open a new shop in Johannesburg to serve its Zimbabwean clients.Econet's first shop in S...by Business reporter
Econet is a world-class operation
2013 March 04 | 2879 Views
The new board chairman for Econet Wireless Zimbabwe, James Myers, has described the company as a world-class operation that can stand "toe to toe" with operations from anywhere in the world.The veteran American telecoms executive, who was once charged by the world's largest telecoms operator AT&...by Staff reporter
ZSE:- Delta, Econet snap Industrials 4-day losing streak
2013 March 01 | 2174 Views
Delta rebounded on Friday to close in the positive as Econet continued to rise after its 10 for one share split yesterday, snapping the Industrials 4-day losing streak while Minings continued to sink.The Industrials Index added 2.12 points or 1.16% to 184.76 while the Minings Index lost 3.56 points ...by Business reporter
ZSE:- Industrials ends lower as Econet shareholders approve share split
2013 February 28 | 2231 Views
ZSE's Industrials continued to sink on Wednesday after Delta lost another 5% to 114c while overall activity improved with a total of 46 counters recording trades compared with just 26 yesterday.The Industrials Index dropped 1.56 points or 0.84% to 183.81 while the Minings Index was dropped a massive...by Business reporter
Zimbabwe's mobile penetration rate reaches 97%
2013 February 27 | 3064 Views
Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), has released the December 2012 (4th quarter) mobile phone and fixed telephone subscribers statistics. According to statistics that we received from the regulator, Zimbabwe's mobile penetration is now 97%, up from 85% in June 2...by L.S.M Kabweza
Econet share split, shareholders to decide
2013 February 27 | 1871 Views
THE Zimbabwe Stock Exchange-listed telecommunications firm Econet Wireless says small investors will now be able to buy its shares when shareholders vote for a share split tomorrow. In a statement, the company said this was a major development since its listing in 1998."This will be possible after s...by Business reporter
Econet appoints EcoCash CEO
2013 February 21 | 3294 Views
Econet has appointed Cuthbert Tembedza as chief executive solely for EcoCash, indicating growing confidence in the mobile money transfer business. Tembedza, who has been with the mobile network operator for two weeks, said he had a "vision of where the brand is going."Tembedza said the timing of his...by Staff reporter
Stanbic Bank sign up to EcoCash
2013 February 20 | 3004 Views
Econet Wireless has announced that Stanbic Bank is now offering its customers full access to EcoCash.Stanbic Bank becomes the first international bank in the country to get connected to EcoCash. The Bank is a member of the Standard Bank Group, which is Africa's largest banking group. This partnersh...by Business reporter
Econet appoints Ngwenya as new TN Bank CEO
2013 February 12 | 4392 Views
Econet Wireless has appointed Mr Kwanele Ngwenya, a South African who was heading the operations of First National Bank (FNB) in Botswana, as the new CEO of TN Bank.Mr Ngwenya, a veteran banker, was head hunted by an international agency after Econet decided that it wants to turn TN Bank into one ...by Business reporter
Econet attacks CABS
2013 February 12 | 3276 Views
ECONET Wireless Zimbabwe has launched a scathing attack on CABS accusing the building society of campaigning against its mobile phone money transfer service, EcoCash, because it offers a similar product .The mobile phone operator denied claims by some banks that it has denied them access to its mobi...by Business Reporter
Econet warns on pyramids using EcoCash
2013 February 11 | 2391 Views
Pyramid schemes, schemes that make a few people rich and a lot of people poorer, have once again entered Zimbabwe with this time the con artists using Ecocash to get the gullible to transfer money to their account.Econet yesterday hastily warned people against participating in illegal money pyrami...by Staff reporter
Econet board approves a 10 for 1 split in the Econet shares
2013 February 07 | 2150 Views
ECONET WIRELSS yesterday announced that its board of directors had approved a 10 for one split of the company's shares to make the stock affordable to small investors.At yesterday's closing price of US$6 per share, small investors, if approved, will spend US60c to buy one Econet share. A share or st...by Business reporter
ZSE:- Econet, Innscor snap Industrials extended rally on profit taking
2013 February 06 | 2711 Views
ZSE's Industrials fell for the first time in 5 weeks on profit taking in heavly capitalised counters snapping its best rally since dollarisation.There were only 4 counters to trade lower but Econet's 10c fall to 600c and lnnscor's 3c drop to 100c managed to cancel out gains recorded in 11 other coun...by Business reporter
Econet develops Stock Exchange payment solution
2013 January 30 | 2768 Views
Econet Wireless is setting up a payment system for shares on the Zimbabwe Stock Exchange using its EcoCash service.The system is designed to make it possible for small investors to buy and sell shares using EcoCash.Confirming the development, Econet Wireless Services CEO Mr Darlington Mandivenga sai...by Business reporter
Econet's Liquid Telecoms becomes Africa's largest fibre optic network operator
2013 January 29 | 3511 Views
Liquid Telecom has become Africa's largest operator of terrestrial cross-border fibre optic networks after acquiring all the East Africa businesses of South African technology giant Altech.In a statement issued by Altech on the Johannesburg Stock Exchange on Monday, the technology group announced t...by Business reporter
Econet's Liquid Telecoms to buy East African assets from an SA company
2013 January 29 | 2548 Views
Liquid Telecom, Zimbabwe's largest internet company in terms of infrastructure, volume of traffic and customer base and a subsidiary of the Econet Wireless Group will purchase South Africa's Allied Technologies East african businesses.Liquid Telecom is a major fibre player in Southern Africa and cu...by Business reporter
Kingdom Bank to acquire Spiritage through a court order
2013 January 22 | 3923 Views
Kingdom Bank is set to acquire the assets of Zimbabwean telecoms operator Spiritage, owned by former Econet Wireles Group executive Zachary Wazara, through a court order to settle unpaid loans worth US$20 million, according to TechZim. Brodacom, a brand owned by Valley Technologies, a unit of Spirit...by Staff reporter
Econet to pays US$27 million to buy TN Bank
2013 January 22 | 3585 Views
ECONET Wireless Zimbabwe will pay out about US$26,5 million worth or the cash equivalent to acquire the remaining 55 percent ordinary shareholding in TN Bank Limited. Econet and TN did not reveal the transaction value when they announced the deal late last year, but a circular to shareholders puts ...by Business Reporter
Econet share price up
2013 January 17 | 2601 Views
Econet Wireless Zimbabwe (Econet)'s share price yesterday advanced 5,11 cents to close at 485,11 cents on the Zimbabwe Stock Exchange (ZSE) as the mobile network operator hit eight million subscribers.The group dominates the mobile market in Zimbabwe, which has a 12 million population.Christopher Mu...by Business reporter
EcoCash creates 5 000 jobs
2013 January 15 | 3763 Views
Econet Wireless Zimbabwe says it has invested over US$50 million in its mobile phone based money transfer service, EcoCash, creating more than 5 000 jobs. The mobile telecommunications company said that the service has transformed the lives of many people, mostly in rural areas.EcoCash, Zimbabwe's ...by Business Reporter
Econet, TN Bank partnership to allow customers buy smartphones
2013 January 14 | 3733 Views
Econet customers will soon be able to buy the latest generation phones, known as smartphones, and tablets such as i-Pads on 24 month instalments following the creation of a special credit facility at TN Bank.The plan to finance phones on credit is part of the cell phone company's reasons for acquir...by Business reporter
Econet reaches 8 million subscribers
2013 January 14 | 2799 Views
The festive season once again saw a bumper rise in Econet subscribers with the company reporting that it has crossed the 8-million level for the first time, supported by the recent introduction of Buddie Zone.Econet Wireless Commercial Director Mr George Barbaressos confirmed the new figures, saying...by Business reporter
Econet lashes out at banks on mobile money
2013 January 11 | 5544 Views
ECONET Wireless Zimbabwe (Econet) has lashed out at banks for proposing amendments to government's banking reforms to include mobile money service providers, saying it was a selfish attempt by a clique of individuals to frustrate its operations.Econet owns EoCash, a mobile payments service.In his n...by Business reporter
Econet plans to acquire the entire shareholding in TN Bank
2013 January 08 | 2074 Views
ECONET Wireless Zimbabwe is proceeding with its plans to acquire the entire shareholdings in TN Bank through a share swap deal, the company said yesterday. Econet, which currently holds 45 percentshareholding in TN Bank, intends to acquire the entire ordinary shares of the bank through the share swa...by Business Reporter
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