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The Ecocash heist - A modern tale of irresponsible corporate behaviour
Sometime in 2013, I applied and became an Ecocash Agent (Agent), and immediately set shop in at least two locations within Harare CBD. The setup and running costs for me as an Agent were high, but the...Published: 03 Jul 2020 at 19:27hrs | 6466 | by Tendayi Mudhadha
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5841 | by Staff reporter
EcoCash suspends agent, bulk payer lines
DOMINANT mobile money service provider, EcoCash, says all of its agent and bulk payer lines have been suspended until further notice in compliance with the Reserve Bank of Zimbabwe (RBZ) directive. ...Published: 30 Jun 2020 at 07:57hrs | 2256 | by Staff reporter
The three pendulums of Zimbabwean politics
The names Mugabe, Mujuru and Mnangagwa have hogged the headlines of Zimbabwean politics for over a century collectively. The three have nothing to show for the hectares of space that their names have ...Published: 28 Jun 2020 at 09:58hrs | 2752 | by Joseph 'Slovo' Mupokosera
Mobile money transactions not to blame for economic woes
FORMER Finance minister Tendai Biti has called government's ban on trading on the Zimbabwe Stock Exchange (ZSE) and all mobile money transactions as "madness" with terrible consequences.The ba...Published: 28 Jun 2020 at 08:15hrs | 558 | by Staff reporter
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1481 | by Thandekile Moyo
Mobile money suspension drastic
The move on Friday night by government to suspend, with immediate effect, all monetary transactions on mobile money platforms, left the country confused and in shock.President Emmerson Mnangag...Published: 28 Jun 2020 at 08:03hrs | 160 | by Staff reporter
RBZ confirms mobile money ban but keeps platforms open for small transactions
THE Reserve Bank of Zimbabwe (RBZ) has suspended all money agents from mobile financial transactions but the general public can still continue to transact using the platforms.In a statement ye...Published: 28 Jun 2020 at 07:18hrs | 304 | by Staff reporter
Govt suspends EcoCash, 3 other platforms
GOVERNMENT has, with immediate effect, suspended all monetary transactions on mobile money platforms "to deal with malpractices, criminality and economic sabotage perpetuated by the wolves in sheep sk...Published: 27 Jun 2020 at 17:03hrs | 1095 | by Staff reporter
Jubilation as Strive Masiyiwa's ventilators arrive in the country
The Intensive Care Unit (ICU) ventilator suites that were donated by businessman and Econet founder Strive Masiyiwa are now in the country ready to be deployed.Through his Higher Life Foundati...Published: 25 Jun 2020 at 10:26hrs | 4421 | by Agencies
Zinara introduces digital vehicle licensing
The Zimbabwe National Road Administration (Zinara) has digitised vehicle licensing and motorists can now renew their discs in the comfort of their homes as the administration moves to bring convenienc...Published: 25 Jun 2020 at 06:53hrs | 1761 | by Staff reporter
Cassava Fintech launches SASAI Health Status Report as it steps up fight against Coronavirus
Cassava Fintech International (CFI), a subsidiary of the Econet Group, has launched the SASAI Health Status Report (SHSR), a secure blockchain technology-supported solution expected to digitize the te...Published: 24 Jun 2020 at 17:56hrs | 130 | by Agencies
Doctors joining nurses' strike
JUNIOR doctors have threatened to go on strike, joining the industrial action by nurses that started last week citing deteriorating working conditions, which will negatively affect the country's battl...Published: 23 Jun 2020 at 07:56hrs | 1057 | by Staff reporter
Zimbabwe's cost of living rises
ZIMBABWEAN companies and consumers are facing severe pressure from rising cost of living as well as effects of the coronavirus pandemic, analysts have warned.Consumers' real wages are being er...Published: 21 Jun 2020 at 16:59hrs | 852 | by Staff reporter
Masiyiwa organising funding for Zimbabwe
Zimbabwe will receive funding support to buy medical equipment to fight Covid-19 from Afreximbank as part of the African Union's initiative to help its members combat the pandemic, businessman Strive ...Published: 21 Jun 2020 at 11:41hrs | 1471 | by Staff reporter
High Court blocks Mr Dish's bid to raid Econet
Former partner of Econet Media in the Kwese TV business, Mr Dish, failed to show it needed to raid Econet and Cassava Smartech to obtain accounting records before these could be possibly destroyed, th...Published: 15 Jun 2020 at 07:08hrs | 481 | by Staff reporter
Axis of tribalism and African nationalism in conflict
IN the days when I was young and my political philosophy had reached its formation stage, my hero was Mhunhuwepasi Mangwende. His name has an agreeable affinity for unhu/ubuntu and its rhyme is just p...Published: 14 Jun 2020 at 10:11hrs | 267 | by Jonathan Maphenduka
Man arrested for money laundering
AN ex-Econet Wireless employee is facing theft and money laundering charges after conniving with a former Bulawayo police officer and his wife to allegedly defraud a local haulage truck company of $50...Published: 13 Jun 2020 at 09:12hrs | 451 | by Staff reporter
Mnangagwa faces a people-powered change
Emmerson Mnangagwa told us the voice of the people is the voice of God. He didn't listen to either. Now he faces a people's power movement.This article was first published by ...Published: 10 Jun 2020 at 22:50hrs | 11202 | by Siphosami Malunga
Boost for Zimbabwe students as Cassava Edutech launches Akello E-library
Cassava Edutech has launched the Akello E-library, an online library platform offering hundreds of school curriculum books that are set to strengthen Zimbabwe's education sector by providing learners,...Published: 08 Jun 2020 at 15:02hrs | 539 | by Agencies
Mutodi still to receive suspension letter
EMBATTLED former Information deputy minister Energy Mutodi is yet to receive his suspension papers, thereby slowing his disciplinary hearing.The outspoken Goromonzi West lawmaker was fired las...Published: 06 Jun 2020 at 18:25hrs | 1106 | by Staff reporter
Paynet, Ecocash deal terminated
PAYNET Zimbabwe (Pvt) Ltd, a subsidiary of Cambria Africa, is terminating its fee-sharing arrangement with EcoCash Zimbabwe for the use of bulk payment software following the latter's fallout with the...Published: 05 Jun 2020 at 09:12hrs | 4180 | by Staff reporter
EcoCash unveils online self-service portal for agents, merchants and other channel partners
EcoCash has unveiled an online self-service portal which allows its agents, merchants, billers, bulk payers and payroll channel partners to submit their applications online without the need to physica...Published: 04 Jun 2020 at 08:40hrs | 3672 | by Agencies
Telcos want another tariff hike
Local mobile telecommunications operators have approached the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) for another upward review of tariffs. Earlier in March Pot...Published: 03 Jun 2020 at 09:47hrs | 393 | by Staff reporter
Starving Zimbabwean doctor begs for aid
A MEDICAL doctor employed by the Health and Child Care ministry at Beitbridge District Hospital has publicly declared her poverty and begged for help via Twitter.The NewsDay confirmed Sandra K...Published: 01 Jun 2020 at 08:55hrs | 1131 | by Staff reporter
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 426 | by Staff reporter
CSC upgrade project put on hold
THE COLD Storage Company (CSC)-Boustead Beef Zimbabwe has suspended rehabilitation works, putting on hold a programme that was expected to see the country's meat processor and marketer resuming operat...Published: 28 May 2020 at 07:36hrs | 228 | by Staff reporter
EcoCash court bid hits brickwall
The High Court has dismissed Econet Zimbabwe's mobile money platform, EcoCash's application which sought to interdict the Reserve Bank of Zimbabwe (RBZ) from suspending its mobile money agents....Published: 27 May 2020 at 07:54hrs | 716 | by Staff reporter
Masiyiwa champions AU COVID-19 fight
THE African Union (AU) has set in motion a bid to raise resources for the procurement of 15 million COVID-19 test kits per month for distribution to member States as the regional body up-scales testin...Published: 27 May 2020 at 07:45hrs | 302 | by Staff reporter
Parallel market rates a bubble, says Mangudya
The rapid rise in parallel market foreign currency exchange rates is symptomatic of a bubble as it lacks any fundamental basis and could lead to economic depression, says Reserve Bank of Zimbabwe gove...Published: 26 May 2020 at 07:10hrs | 2456 | by Staff reporter
'Report border jumpers to fight Covid-19'
BULAWAYO residents should report to authorities anyone who entered the country illegally from neighbouring countries so that they are taken to isolation centres to prevent the spread of Covid-19. ...Published: 25 May 2020 at 07:39hrs | 304 | by Staff reporter
Wolves are at it again, destroying Zimbabwe's currency
Once again, officials at the Ministry of Finance and Economic Development, along with the honchos at the Reserve Bank of Zimbabwe (RBZ) find themselves on the back foot of powerful forces that are man...Published: 24 May 2020 at 22:03hrs | 2854 | by Andrew Lampard
Handover of COVID 19 donations at Large City Hall Foyer
Bulawayo Mayor Solomon Mguni will tomorrow received donations for the fight against Covid 19 at the Large City Hall.According to the notice, the Mayor will be receiving donations at 12 noon at...Published: 21 May 2020 at 15:38hrs | 465 | by Stephen Jakes
Resident to sue military for assault
A BULAWAYO resident, who was allegedly assaulted by soldiers while queuing outside Econet Zimbabwe offices in Bulawayo during lockdown, has filed a notice of intention to sue the Zimbabwe National Arm...Published: 21 May 2020 at 07:43hrs | 578 | by Staff reporter
'Zimbabwe can sustain forex requirements'
The Reserve Bank of Zimbabwe (RBZ) says the country has adequate capacity to meet its monthly foreign currency requirements. According to central bank figures, Zimbabwe requires US$100 million a month...Published: 21 May 2020 at 07:10hrs | 716 | by Staff reporter
Econet reopens shops and service centres countrywide
Econet Wireless has begun reopening its shops following the lifting of some COVID-19 Coronavirus lockdown restrictions. But the company cautioned customers to be patient as it ramps up p...Published: 19 May 2020 at 19:25hrs | 1316 | by Agencies
Woman arrested over Covid-19 fake news
ANOTHER Bulawayo woman who allegedly peddled fake news on WhatsApp and shared with her daughter a false Press statement bearing President Mnangagwa's fake signature announcing the extension of the loc...Published: 19 May 2020 at 07:16hrs | 1062 | by Staff reporter
Covid-19: Masiyiwa tips govts
BUSINESSMAN Strive Masiyiwa has urged Africans to adopt what he calls the "ITTIT" formula for fighting the spread of the Covid-19 pandemic as governments across the continent gradually ease national l...Published: 17 May 2020 at 09:35hrs | 1570 | by Staff reporter
Masiyiwa urges collaboration among private sector, NGOs and faith-based organizations in combating COVID-19 in Africa
Businessman Strive Masiyiwa has urged Africans to adopt what he calls the 'ITTIT' formula to fighting the spread of the COVID-19 Coronavirus epidemic as governments across the continent gradually ease...Published: 16 May 2020 at 15:05hrs | 865 | by Agencies
Econet Group imports 100 000 Covid-19 test kits
The Chronicle Business Reporter THE Econet Group has imported 100 000 Covid-19 test kits for use in testing critical target groups such as essential services staff and vulnerable groups. Zimbabw...Published: 13 May 2020 at 07:27hrs | 319 | by Staff reporter
Citizens highly un able to survive during lock down
The Zimbabwe Peace Project has revealed that citizns are highly unable to survive during lockdown due to food challenges.In its latest report the ZPP said in addition to being subjected to har...Published: 11 May 2020 at 14:22hrs | 369 | by Stephen Jakes
Cassava unveils Sasai TeamTalk with free calls on Sundays
Cassava Fintech International (CFI), a subsidiary of Econet Global, today released an enhanced voice and video conferencing service that allows up to 20 people on one call.The service, branded...Published: 10 May 2020 at 19:47hrs | 784 | by Staff reporter
Zimbabwe mobile operators get free frequencies
THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has allocated the country's three mobile network operators free frequencies until the end of the year as part of its thrust t...Published: 10 May 2020 at 07:35hrs | 575 | by Staff reporter
Agent lines land Econet workers in trouble
TWO Econet Wireless Zimbabwe (EWZ) employees have been arrested for allegedly fraudulently using agent lines belonging to cotton company ETG Parrogate to conduct illegal foreign currency transactions....Published: 10 May 2020 at 07:26hrs | 759 | by Staff reporter
Potraz moves to reduce data costs
THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has allocated the country's three mobile network operators free frequencies until the end of the year as part of measures to ...Published: 10 May 2020 at 07:25hrs | 239 | by Staff reporter
Ecocash a Ponzi scheme says RBZ
Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money and balances in the system, FinX reported.According ...Published: 08 May 2020 at 22:17hrs | 5100 | by Staff reporter
Data tariffs price hike a blow to the deaf community
The deaf community in Zimbabwe has pleaded with mobile network operators to review downwards the costs of data tariffs saying the new prices are beyond th...Published: 06 May 2020 at 16:03hrs | 525 | by Simbarashe Mwandipendaa
Mobile telcos adjust SMS, data bundle prices
Zimbabwe's leading mobile network operators (MNOs), Econet and NetOne are adjusting their SMS and data bundle tariffs in what the players say is in line with the rising cost of doing business in the c...Published: 06 May 2020 at 07:39hrs | 679 | by Staff reporter
RBZ closes more EcoCash, OneMoney lines
THE Reserve Bank of Zimbabwe (RBZ) has closed an unspecified number of mobile money agent lines suspected to have been fuelling exchange rate volatility. A source within the central bank's Fin...Published: 06 May 2020 at 07:36hrs | 1003 | by Staff reporter
Econet raises data prices by 225%
Econet Wireless hiked data prices by up to 225 percent overnight Tuesday – sparking anger from hard-up Zimbabweans.The increase in data costs could not have come at a worse time for Econet c...Published: 05 May 2020 at 16:06hrs | 1302 | by Staff reporter
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