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Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing...Published: 25 Jul 2023 at 08:23hrs | 3 | by Staff reporter
Journalist appeals for US$15,000 for child's heart operation
A CHRONICLE staffer, Mashudu Netsianda is appealing for funds to enable his three-month-old baby to undergo open heart surgery in India.The baby was born with a congenital heart defect called ...Published: 16 Jul 2023 at 09:14hrs | 3 | by Staff reporter
Ponzi scheme founder flees with 'investors' US$1m
THE founder of an online Ponzi scheme, E-Creator, has left his clients seething with anger after duping them of large sums of money before vanishing.In a statement issued to clients yesterday,...Published: 07 Jul 2023 at 07:42hrs | | by Staff reporter
Intermediated Money Transfer Tax reduced from 4 to 1%
Mobile money customers are happy that the government has reduced the Intermediated Money Transfer Tax (IMTT) on domestic foreign currency transactions from 4% to 1%.The reduction, which was an...Published: 19 Jun 2023 at 18:10hrs | 2 | by Staff reporter
BCC cashier defrauds council 57 times
AN alleged cunning Bulawayo City Council cashier defrauded the local authority 57 times where in some instances he would receipt manually and not enter such payments into the respective accounts but i...Published: 18 Jun 2023 at 08:37hrs | | by Staff reporter
Mr. President, you can't make the nation suffer simply because of your ego!
Pride comes before a fall! When I had the inspiration for this article, a certain scenario played out in my mind.I imagined an egoistical father - who was adamant that every 'respectab...Published: 17 Jun 2023 at 07:23hrs | 2 | by Tendai Ruben Mbofana
Econet, EcoCash seek to raise US$60 million
Zimbabwe's largest telecommunications firm, Econet and its sister company EcoCash Holdings are planning to raise US$30,3 million each from shareholders to redeem outstanding debentures.The deb...Published: 09 Jun 2023 at 06:33hrs | | by Staff reporter
EcoCash posts $4,76bn loss
ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to r...Published: 02 Jun 2023 at 06:44hrs | | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | 3 | by Staff reporter
O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | 1 | by Staff reporter
Zimbabwe and SA telcos hit hard by worsening energy crisis in the region
Telecommunication companies have been hit hard by the worsening energy crisis in the southern Africa region, which has seen daily national power grid electricity outages of up to 16 hours.The ...Published: 22 May 2023 at 19:48hrs | 9 | by Staff reporter
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 1 | by Staff reporter
Econet apologizes over network challenges
Econet Wireless Zimbabwe has apologised over network challenges experienced over the past week, and said it was now confident the challenges had now been fully resolved. "We sincerely regret t...Published: 17 May 2023 at 21:24hrs | | by Staff reporter
Strive Masiyiwa now worthh $2-billion
FOLLOWING a surge in the market value of his publicly listed companies on the Zimbabwe Stock Exchange, Zimbabwean billionaire businessman Strive Masiyiwa has once again joined the exclusive group of A...Published: 15 May 2023 at 19:13hrs | 2 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 4 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
BCC, Ecocash mull debt collection partnership
The Bulawayo City Council (BCC) is set to enter into a debt collection deal with EcoCash Holdings.According to latest council minutes, EcoCash Holdings' Pride Gonde, an account executive, wrot...Published: 11 May 2023 at 05:33hrs | | by Staff reporter
Attempt to dupe political victims backfires
A plan to dupe the Citizens Coalition for Change (CCC) Gutu political violence victims who were brutalized by suspected Zanu-PF members last year by Masvingo town based activists backfired after one o...Published: 16 Apr 2023 at 09:01hrs | 1 | by Staff reporter
Masiyiwa now among 20 richest black men in the world
Following a US$1.5-billion wealth loss in 2022, Zimbabwe's richest man Strive Masiyiwa has seen a strong rebound in his net worth since the beginning of 2023, owing to a surge in the shares of his pub...Published: 08 Apr 2023 at 10:28hrs | 4 | by Staff reporter
Bogus estate agent in court for duping clients US$44 000
A bogus estate agent who defrauded desperate home seekers by selling them non-existing stands and already sold stands worth US$44 000 has appeared at the Harare Magistrates Court.Nelson Mandiz...Published: 24 Mar 2023 at 23:05hrs | 1 | by Staff reporter
Hungry EcoCash fraudster jailed
A notorious Concession EcoCash fraudster was sentenced to a year behind bars after conning 10 bottle stores and shops respectively.Dunmore Ngorima (21) was sentenced by Concession magistrate J...Published: 16 Mar 2023 at 14:09hrs | 1 | by Simbarashe Sithole
Chamisa led HCC bows down to pressure from motorists
HARARE mayor Jacob Mafume yesterday bowed down to pressure from motorists who were up in arms over the US$132 fine the council was charging for failing to pay parking fees.Harare motorists sti...Published: 15 Mar 2023 at 06:45hrs | | by Staff reporter
OyOs announces official release of the OyOs Online Stores and the OyOs Chatbot
OyOs hereby announces the official release of two top of the range IT related products onto the Zimbabwean digital space, OyOs Online Store and the OyOsBOt. OyOs standing for Own Your Online Store is ...Published: 08 Mar 2023 at 22:28hrs | 2 | by Agencies
28 Zimbabweans lose over $7,4 million to fraudsters
At least 28 people lost over $7,4 million to suspected fraudsters in separate incidents in Harare and Bulawayo this month alone.In Harare, police have arrested one suspect, Brighton Chitekero ...Published: 20 Feb 2023 at 05:26hrs | | by Staff reporter
Slain sheriff's spirit 'haunts' killers
IN a bizarre case of the dead fighting from the grave, four of the six suspects linked to the murder of Harare High Court sheriff during an armed robbery are no longer able to stand trial after two of...Published: 08 Feb 2023 at 05:04hrs | | by Staff reporter
Bulawayo's street 'shops' flood city by night
FILLED to the brim with groceries ranging from foodstuffs, toiletry to skin care products, a pushcart — commonly known as iScania in the streets of Bulawayo — is strategically positioned at a busy...Published: 21 Jan 2023 at 08:23hrs | 33 | by Staff reporter
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | | by Staff reporter
Mozambique decline to hand over fugitive Wedza triple murder suspect to Zimbabwe?
Victims of triple murder suspect Jaison Muvevi could wait for many months, even years, to get justice after Mozambican authorities said they would try him on gun charges.Muvevi was on the run ...Published: 16 Jan 2023 at 18:46hrs | 2 | by Staff reporter
SasaiRemit rewards its customers, launches consumer promotion for sending money from SA to Zimbabwe
Johannesburg, South Africa, 2 November 2022 - SasaiRemit, one of Africa's leading digital money transfer providers and a business of Cassava Technologies,...Published: 02 Nov 2022 at 15:57hrs | | by Agencies
EcoCash launches Christmas promotion
Zimbabwe's largest mobile money platform, EcoCash, has launched a Christmas promotion to reward customers who transact using its United States dollar (USD) wallet.In the promotion, which start...Published: 30 Oct 2022 at 06:40hrs | 1 | by Staff reporter
EcoCash banks on disruptive innovations
EcoCash Holdings has said it will continue to disrupt and challenge the status quo in the digital services space by leveraging data analytics and artificial intelligence.Group chief executive ...Published: 10 Oct 2022 at 06:06hrs | | by Staff reporter
EcoCash revises transaction limits upwards
EcoCash, Zimbabwe's largest mobile money platform, has increased its transaction limits by an average of 230%, allowing wallet holders to send money, pay bills or buy goods and services with greater e...Published: 04 Oct 2022 at 22:14hrs | | by Staff reporter
Econet to upgrade 150 base stations in Bulawayo
Telecommunication and technology giant Econet Wireless Zimbabwe is planning to upgrade and deploy new network infrastructure across the Matabeleland region in the coming few months to enhance customer...Published: 04 Oct 2022 at 06:06hrs | 3 | by Staff reporter
Econet re-opens Bulawayo shop
ECONET Wireless Zimbabwe on Friday re-opened its refurbished main shop in Bulawayo, which was closed for extensive renovations in April this year.The refurbishment is part of Econet's ongoing ...Published: 03 Oct 2022 at 19:49hrs | | by Staff reporter
Magistrate jailed over US$20 bribe
FORMER Karoi magistrate Amanda Muridzo and clerk of court Shelter Kachirika have each been sentenced to an effective one year in prison after they were convicted of taking a US$20 bribe to tilt a main...Published: 05 Sep 2022 at 06:38hrs | | by Staff reporter
Illegal forex dealer fined $10 million
Local company, Tererati (Pvt) Limited, involved in illegal foreign currency deals during 2020 in Harare using EcoCash agent lines, was fined $10 498 300 yesterday after admitting to making the illicit...Published: 27 Aug 2022 at 05:59hrs | 2 | by Staff reporter
EcoCash to retrench
ECOCASH Holdings Zimbabwe has started a process to retrench some of its staff members, after adopting new processes that render some workers redundant.This is in line with the company's drive ...Published: 21 Aug 2022 at 08:42hrs | 1 | by Staff reporter
Zinara CEO scoops top IODZ gong
THE Zimbabwe National Road Administration's (Zinara) rebranding exercise is yielding positive results, with the parastatal's chief executive Mr Nkosinathi Ncube winning the Director Of The Year award ...Published: 07 Aug 2022 at 08:38hrs | 2 | by Staff reporter
Technical glitch forces parking fees into manager's EcoCash
TENDY Three Investments, which is running a parking system in Bulawayo, was forced to channel money that was being collected by marshals into the personal mobile account of its managing director, Mr B...Published: 07 Aug 2022 at 08:26hrs | | by Staff reporter
EcoCash records modest growth in first quarter
ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In ...Published: 02 Aug 2022 at 06:43hrs | 2 | by Staff reporter
EcoCash introduces Thembie the chatbot
EcoCash, Zimbabwe's leading mobile money platform and a subsidiary of EcoCash Holdings – the diversified digital and fintech group listed on the Zimbabwe Stock Exchange – on has added another digi...Published: 28 Jul 2022 at 06:37hrs | 7 | by Staff reporter
Rushwaya bribery trial starts
Zimbabwe Miners Federation president Henrietta Rushwaya, who is facing charges of trying to bribe an official from the Civil Aviation Authority of Zimbabwe (CAAZ) to let her pass when she was carrying...Published: 26 Jul 2022 at 06:32hrs | | by Staff reporter
Strive Masiyiwa eyes US$500m for expansion
Zimbabwe-born billionaire Strive Masiyiwa, who runs firms including Africa's largest fibre-optic cable network, plans to raise as much as US$500-million to expand his digital infrastructure and servic...Published: 24 Jul 2022 at 10:02hrs | 1 | by Staff reporter
Gold coins: Broadening and cementing economic confusion
THE Reserve Bank of Zimbabwe really loves to lie to the people and then start believing its own lies.This thing of gold coins to preserve value does not make any economic logic and I will say ...Published: 01 Jul 2022 at 07:24hrs | 2 | by Brian Sedze
EcoCash brings more convenience for its users, unveils new bill management service
EcoCash has introduced 'EcoCash Bill Manager', a new service that brings more convenience for its users and simplifies how EcoCash customers manage their bill payments to different service providers, ...Published: 01 Jul 2022 at 04:42hrs | 2 | by Agencies
EcoCash partners PayPal
EcoCash has partnered PayPay to facilitate international remittances to Zimbabwe through its existing partnership with global cross-border remittance giant Thunes."Leveraging our Hub partnersh...Published: 29 Jun 2022 at 07:46hrs | | by Staff reporter
Bogus Zacc officials arrested
TWO Kuwadzana men, who masqueraded as Zimbabwe Anti-Corruption Commission (Zacc) officials, were yesterday arraigned before Harare magistrate Stanford Mambanje facing 10 counts of extortion.Th...Published: 29 Jun 2022 at 07:45hrs | | by Staff reporter
EcoCash limits reviewed to Z$280 000 per month, Z$400 000 to shop and pay bills
MOBILE money service operator EcoCash has adjusted upwards its transaction limits with users now able to send up to ZW$280 000 per month, and to shop and pay bills of up to ZW$400 000 in a single mont...Published: 23 Jun 2022 at 18:22hrs | | by Staff reporter
EcoCash transaction limits reviewed
EcoCash users can now sent ZW$280 000 per month, and spent up to ZW$400 000 to shop and pay bills.EcoCash transaction limits have been ...Published: 23 Jun 2022 at 06:39hrs | 1 | by Agencies
VAYA Technologies relaunches online bidding platform
VAYA Technologies Zimbabwe, a subsidiary of EcoCash Holdings Zimbabwe Limited, has re-launched BidBuddie, an online bidding platform that allows customers to bid and buy, auction and sell virtually an...Published: 21 Jun 2022 at 16:13hrs | 1 | by Staff reporter
Phone call records expose State
PHONE call records from Econet Zimbabwe have exposed possible State involvement in the abduction of two Citizens Coalition for Change (CCC) activists in May 2020.A State witness, who is a secu...Published: 15 Jun 2022 at 07:36hrs | 5 | by Staff reporter
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