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Econet

One wallet posts massive loss as Ecocash flourishes

24 October 2014 | 1327 Views
Government owned mobile phone operator NetOne generated a paltry US$1 194 in revenue from its mobile banking platform One Wallet for the year ending December 31 2012 after investing close to a qua...
by Staff reporter

Econet to relaunch Ecolife

24 October 2014 | 1059 Views
Econet Wireless will reintroduce its mobile phone based insurance service Ecolife, scrapped two years back after a contractual dispute with the service's software providers, to counter competition...
by Staff reporter

Econet upgrades its call centre

23 October 2014 | 1472 Views
Econet Wireless Zimbabwe has spent $2,5 million for the upgrading of a new contact centre which has increased capacity to over 400%. The new platform will enable Econet contact centre ope...
by Staff reporter

Voice call tariffs to be reduced

21 October 2014 | 1756 Views
Voice calls will from December be reduced by more than 30% after the Postal and Telecommunications Authority of Zimbabwe (Potraz) adopted a new pricing model to regulate the local industry.Pre...
by Staff reporter

Econet buys Telecel

20 October 2014 | 7646 Views
Econet Wireless Global (EWG) has acquired the assets of Russian global telecoms operator, Vimpelcom, in the Eastern and Central African countries of Burundi and Central African Republic.E...
by Staff reporter

Zimbabwe cellphone companies prohibited from increasing tariffs

14 October 2014 | 1410 Views
Potraz says Mobile Network Operators must not increase tariffs above approached levels despite government imposing a five percent excise duty on airtime. Baxton Sirewu, Potraz's acting dir...
by Staff reporter

EcoSchool targets 70% local varsity students in 18 months

02 October 2014 | 2131 Views
ECONET Wireless Zimbabwe is targeting to register 70% of local university students on its digital education platform within 18 months, an executive said. Speaking at the EcoSchool national...
by Staff Reporter

Econet, Zimra to square off at court

30 September 2014 | 1403 Views
Mobile services provider Econet Wireless and the Zimbabwe Revenue Authority will next month square off at the Fiscal Appeal Court which is set to preside over their dispute on the classification ...
by Staff reporter

Big threat to Econet, Telecel, NetOne here soon

15 September 2014 | 4915 Views
One of the biggest threats to mobile operators - voice calls from WhatsApp - is expected to launch soon.In February 2014, WhatsApp chief executive Jan Koum said the company will add voice call...
by Staff reporter

Econet to partner Zimbabwe govt to improve economy

12 September 2014 | 3964 Views
Econet Zimbabwe is prepared to work with Government in stimulating economic revival through spearheading investments that develops infrastructure and creation of jobs. The company express...
by Staff reporter

Econet launches Buddie Beats platform for ringtones

08 September 2014 | 1951 Views
Econet Wireless has partnered with Bozza, an African music, video and poetry content system, to enable customers to access more songs for use as caller ringback tones, ITWeb reported. Bozz...
by Staff reporter

Telecel's James Makamba challenges Econet's Strive Masiyiwa

03 September 2014 | 4774 Views
It looks like the mobile wars between between Telecel and Econet are taking many forms this year.With the two operators battling each other in terms of market share, new products and brand vis...
by Staff reporter

Bulawayo sues Econet

29 August 2014 | 3429 Views
Econet Wireless is engaged in a tug of war with the Bulawayo City Council over a debt of more than $48 700 in unpaid rates.Council filed summons at the Bulawayo High Court demanding payment o...
by Staff reporter

Strive Masiyiwa saving lives

29 August 2014 | 2044 Views
Strive Masiyiwa, the chairperson and founder of Econet Wireless Group, a global telecommunications service provider, is saving money and lives through Facebook, which is one of the world's biggest...
by Brian Kazungu

'Zim telecom companies overcharging consumers'

25 August 2014 | 2817 Views
RATES being quoted by telecommunication companies no longer reflect the cost of providing the services given changes that have taken place since inception of the tariffs, the industry's regulatory bod...
by Staff reporter

Econet offers TeleCash employees double salary

21 August 2014 | 3652 Views
The battles between Zimbabwe`s largest mobile network operators are far from over; with a new cold war at tipping point. Econet Wireless Zimbabwe has been blamed for fishing directly in Telecel's sk...
by Tonderai Rutsito Tech Talk

Strive Masiyiwa's next challenge

19 August 2014 | 4330 Views
SPEAKING at a microfinance symposium in Turin, Italy, recently, Econet Wireless founder Strive Masiyiwa recalled the ruling by the judge who gave him a licence in 1998 saying that "70 percent of peopl...
by Staff reporter

Econet gets $150 million Afreximbank loan facility

07 August 2014 | 2978 Views
Econet Wireless Global has secured a $150 million loan facility from African Export-Import Bank to expand its operations.In a statement, Afrexim bank said Econet would use the funds to expan...
by Staff reporteer

Dstv Zimbabwe is giving customers a raw deal - WhatsApp update

06 August 2014 | 3747 Views
Please note that Bulawayo24 does not edit WhatsApp updates. We publish them as sent by our readers and we do not disclose the sender's telephone number....
by Concerned Citizen

'Econet will not engage in price wars,' says Mboweni

01 August 2014 | 4401 Views
Econet Wireless Zimbabwe has indicated that it will not engaging in price wars following the slashing of prices by its competitors, group CE Douglas Mboweni told an AGM today.Mboweni sai...
by Staff reporter

Econet drives towards cashless society

30 July 2014 | 3717 Views
Econet Wireless Chief Executive Officer Douglas Mboweni has predicted that Zimbabwe will be the most "cashless" country in Africa by the end of this year.Speaking at the launch of the company'...
by Staff reporter

EcoCash launches Mobile Money Companion Debit Card in Zimbabwe

30 July 2014 | 4942 Views
Econet's Mobile Money service, EcoCash, today announced a landmark agreement with MasterCard that will significantly assist in reducing cash dependence and increase financial inclusion through the pro...
by Staff reporter

Econet dismiss Zimra investigations report as false and defamatory

25 July 2014 | 2609 Views
The Financial Gazette (24/7/2014) carried an article that makes false and defamatory allegations against Econet Wireless concerning the importation of base stations. The person referred to in the ar...
by Press release

Econet embroiled in tax dispute with Zimra

24 July 2014 | 3556 Views
THE Zimbabwe Revenue Authority (ZIMRA)'s tax dragnet has swooped on telecommunications giant, Econet Wireless Zimbabwe, which is now embroiled in a tax dispute with the country's revenue collector o...
by Staff Reporter

Econet deregisters Telecash agents

16 July 2014 | 3109 Views
ECONET Wireless is reported to have started deregistering its Ecocash agents who have been doubling as agents for its rival, Telecel Zimbabwe which is operating Telecash.Telecel launched its ...
by Lovemore Zigara

'Zimbabwe mobile call tariffs 30% high,' says Potraz

13 July 2014 | 2922 Views
Mobile call tariffs are about 30 percent higher than what service providers should charge according to a telecoms cost modelling study done by the Postal and Telecommunications Regulatory Authority of...
by Staff reporter

Unregistered subscribers will be disconnected today

12 July 2014 | 3995 Views
THOUSANDS of unregistered mobile phone subscribers will be disconnected by their service providers today while those who lose their Sim cards will now be required to produce a police report to recover...
by Patrick Chitumba

Econet suffers internet blackout

10 July 2014 | 5093 Views
ECONET subscribers in Bulawayo and some parts of the southern region were left stranded after they failed to access internet services following a fault in the company's signal links.The inter...
by Pamela Shumba

Econet threatens to cut off unregistered subscribers

09 July 2014 | 3285 Views
Econet Wireless has warned its unregistered subscribers that they risk been cut off on July 13 as it attempts to comply with regulations set out by Potraz.The telecommunication firm has the hi...
by Staff reporter

Econet in trouble with authorities

30 June 2014 | 3774 Views
TELECOMS giant Econet is under fire over unsolicited text messages it is sending to subscribers, with the Postal Telecommunications Regulatory Authority of Zimbabwe (Potraz) saying it was looking int...
by Pamela Shumba

Beer, Econet only attractions in Zimbabwe

27 June 2014 | 3138 Views
Zimbabwe's deteriorating economy and a stock market that's fallen more than any other in Africa this year are doing nothing to scare off one of South Africa's biggest money managers. Allan Gra...
by Bloomberg

Econet partners with Apple

24 June 2014 | 7122 Views
Econet Wireless has entered a partnership with multinational mobile phone manufacturer Apple and is now an exclusive provider of its products in Zimbabwe.The company has other partnerships wit...
by Staff reporter

Econet under investigation

13 June 2014 | 5857 Views
THE Competition and Tariff and Commission (CTC) has started gathering information which may result in a fully-fledged investigation on alleged uncompetitive behaviour by Econet Wireless.CTC ha...
by Tinashe Makichi

Econet to launch a new call centre

13 June 2014 | 3045 Views
Econet Wireless is implementing a highly advanced call centre system which will enable its contact centre operators to monitor feedback and conversations on both social network and cellular commun...
by Staff reporter

Econet to launch pay TV service?

10 June 2014 | 7013 Views
Econet Wireless will be launching a new subscription and "pay as you go" TV service called ipidi in the coming weeks to few months.TechZim reported that a job advert for a marketing director t...
by Staff reporter

Unemployed communications wizard by-passes Econet system, makes free calls

06 June 2014 | 7675 Views
A COMMUNICATIONS wizard from Bulawayo set up a fully-equipped mobile phone "call centre" with 164 sim-cards in his house where he would make international calls free of charge, a magistrate heard. ...
by Leonard Ncube

Econet slashes voice call rates

02 June 2014 | 10992 Views
Cellphone giant Econet announced it has dropped its international voice call rates by up to 25% for countries in the region and to 20 cents a minute for calls to the UK, US, China and Canada. ...
by Staff reporter

Econet pushing for smart-phone penetration

29 May 2014 | 5198 Views
Econet Wireless says it is making inroads to increase smart phone penetration in the country with a view to increasing broadband usage.Speaking at an investment forum, Econet chief executi...
by Staff reporter

Econet loses $1,3m to employee

28 May 2014 | 4361 Views
A former employee with Econet Wireless allegedly stole more than $1 million from the telecommunications company and used part of the money to buy and develop eight residential properties within Harare...
by Tendai Rupapa

Do you think Strive Masiyiwa would make a good president of Zimbabwe?

24 May 2014 | 4165 Views
The main problem with African politics and politicians is that they are poor. They get into politics to make money, most of them are not business people in their own right. Even i...
by Rutilio Usayi

Zesa turns down Econet request

21 May 2014 | 5422 Views
Zesa turned down a request by Econet Wireless to sell pre-paid electricity tokens through its mobile money transfer service, EcoCash, saying the third party vending facility was reserved for State-lin...
by Felex Share

Zesa bars Econet from e-vending system

20 May 2014 | 4090 Views
National power utility ZESA Holdings is reportedly blocking Econet Wireless Zimbabwe (EWZ) from rolling out mobile electronic purchase of pre-paid electricity through its EcoCash - platform, Parliame...
by Staff reporter

Econet feels unwanted

20 May 2014 | 6225 Views
Econet Wireless says it has been at the receiving end of unfair treatment from authorities and "feels unwanted" in certain spaces, claiming this was stifling its growth, group chief executive Dou...
by Staff reporter

WorldRemit in Steward Bank partnership

20 May 2014 | 3429 Views
LONDON, UK - WorldRemit, the global online money transfer service, has teamed up with Steward Bank in Zimbabwe to offer recipients enhanced convenience at ...
by Staff reporter

Econet uses donkeys to transport equipment

20 May 2014 | 4202 Views
POOR road network has heavily hampered telecommunication projects to the extent that Econet Wireless had to use donkeys to deploy equipment to a site in Nembudziya Gokwe because heavy trucks could no...
by Staff reporter

Econet engages RBZ to restructure EcoCash levy

19 May 2014 | 5152 Views
Econet says it is in the process of engaging the Reserve Bank of Zimbabwe so that it can levy the Ecocash mobile money transfer tariff on the sender only.This will mean that the person receivi...
by Staff reporter

Econet to expand into road construction

12 May 2014 | 3531 Views
Mobile communications behemoth, Econet Wireless Zimbabwe says it will soon diversify into road construction, in a bid to improve communication channels and support to the community, its chief execut...
by Staff reporter

Econet to introduce Wi-Fi Hotpots

08 May 2014 | 5553 Views
Econet will be launching Wi-Fi hotpots in a bid to ease congestion on the regular mobile broadband networks that use GPRS, Edge and 3G, TechZim reported. "We were tipped to this development by...
by Staff reporter

Mobile internet to improve as Potraz re-plans spectrum

08 May 2014 | 2870 Views
The Postal and Telecommunications Regulatory Authority of Zimbabwe says it is in the process of re-planning spectrum allocations to cater for 4G.4G is a mobile communications standard intended...
by Staff reporter

Steward Bank growth will come from EcoCash services

06 May 2014 | 3721 Views
Steward Bank, the wholly-owned subsidiary of Econet Wireless Zimbabwe, posted a loss of $26.3 million as the company continues restructuring away from traditional banking to focus on services related ...
by Staff reporter

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