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SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 192 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 815 | by Staff reporter
Jamboo joins Crowdcube in groundbreaking fundraising campaign
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform. Jamboo, co-founded by Zimbabwean entrep...Published: 23 Oct 2024 at 20:23hrs | 286 | by Agencies
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4573 | by Staff reporter
Old Mutual's O'mari launches home insurance solution
O'mari, the fintech subsidiary of Old Mutual Zimbabwe, has announced the launch of its new digital-first, low-cost home insurance product 'O'mari HomeCare', underwritten by Old Mutual Zimbabwe Insuran...Published: 15 Aug 2024 at 17:56hrs | 386 | by Simbarashe Sithole
US sanctions on Zimbabwe are real, US Bank to close accounts
Mercury Bank, a fintech based in the United States offering banking services to more than 100,000 early-stage startups, has included Nigeria in a list of countries restricted from opening and operatin...Published: 24 Jul 2024 at 09:57hrs | 23525 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6713 | by Staff reporter
Econet commissions over 30 sites for network expansion
Econet Wireless Zimbabwe Limited has commissioned over 30 new sites across Zimbabwe in its first quarter ending May 31, 2024, as part of its network modernization program. This initiative aims to enha...Published: 16 Jul 2024 at 06:58hrs | 152 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 8 | by Staff reporter
Zimbabwe currency code changes to ZWG
The World Bank International Organisation for Standardisation (ISO) Committee has approved the change of Zimbabwe's local currency code from ZWL to ZWG (Zimbabwe Gold).The ISO 4217 standard, w...Published: 26 Jun 2024 at 13:00hrs | 11 | by Staff reporter
Mukuru distributes millions in aid to vulnerable Africans
CAPE TOWN, South Africa, March 19, 2024 - Next-generation financial services platform, Mukuru (www.Mukuru.com), has successfully distributed millions in aid to disadvantaged recipients in Africa throu...Published: 19 Mar 2024 at 12:41hrs | 11 | by APO
EcoCash overturns loss into profit
EcoCash Holdings Zimbabwe Limited (EHZL), a FINTECH company, successfully transformed its financial performance, turning a loss into a profit of ZWL$130.19 million after tax for the half-year ending A...Published: 13 Nov 2023 at 05:47hrs | 8 | by Staff reporter
Zimbabwe foreign currency deposits shoot to US$1, 6 billion
Foreign currency deposits have surged to an impressive US$1.6 billion, largely attributed to growing confidence in the stability of the banking sector, as revealed by the Reserve Bank of Zimbabwe (RBZ...Published: 26 Oct 2023 at 06:23hrs | | by Staff reporter
Chigogwana retires
Access Finance Group, whose strategic network of operations includes Zimbabwe, has appointed Mr Salim Eceolaza as the new chief executive.Mr Eceolaza is succeeding co-founder Mr Raymond Chigog...Published: 20 Sep 2023 at 06:25hrs | 2 | by Staff reporter
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 | | by Staff reporter
Remittances anchor Zimbabwean economy
THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022....Published: 07 Jul 2023 at 07:52hrs | 12 | by Victor Bhoroma
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 15 | by Staff reporter
Bulawayo engineer develops app to make public transport safer and more efficient
MR Hope Ndhlovu, the Bulawayo-born software engineer, who won the 2019 World Bank Youth Summit Award, has embarked on a new venture to revolutionise commuting in Zimbabwe through a taxi application. T...Published: 12 Jun 2023 at 06:25hrs | 8 | 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
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 | 1 | 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
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 | 2 | 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 | 1 | 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 | 5 | by Staff reporter
Zimbabwe's long but crucial road to digitalisation
In recent days, the President of Zimbabwe, Emmerson Mnangagwa, said that embracing science and technology, particularly in the field of education, will help to boost the global economy. He added that ...Published: 04 Jul 2022 at 07:54hrs | 4 | by Staff Reporter
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 | 15 | 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 | 1 | by Staff reporter
EcoCash tightens customer data privacy in important platform security upgrade
EcoCash, the country's leading mobile money platform, has introduced additional security enhancements on its platform to beef up customer data privacy and strengthen the system's security.The ...Published: 08 Jun 2022 at 18:30hrs | 1 | by Staff reporter
Zinara renews commitment to fix roads
THE Zimbabwe National Road Administration (Zinara) says it will plug all revenue leakages and prioritise improving the country's dilapidated road network.Addressing the 5th Zinara annual gener...Published: 05 May 2022 at 07:12hrs | 8 | by Staff reporter
RBZ initiates think tank to assess banking products
THE Reserve Bank of Zimbabwe (RBZ) has created a think tank to examine new banking products and innovations prior to their launch, to assess their viability.The revelation came a day after the...Published: 25 Apr 2022 at 09:01hrs | 2 | by Staff reporter
Zimbabwean entrepreneur's ImaliPay raises US$3 million
ImaliPay, a pan-African fintech startup led by Zimbabwean entrepreneur Tatenda Furusa, has closed a US$3 million seed round in debt and equity as it expands its efforts to provide financial services t...Published: 17 Apr 2022 at 09:15hrs | 1 | by Staff reporter
ZAA UK releases nominee list
The Zimbabwe Achievers Awards (ZAA) on Friday announced the final nominees list for its UK 11th Anniversary Awards slated for May 28.The awards dinner gala will be held at Holiday Inn City, Bi...Published: 17 Apr 2022 at 09:11hrs | | by Staff reporter
ZimAchievers Awards UK announce Headline Partner as 2022 nominations open
Zimbabwe Achievers Awards (ZAA) UK Edition has announced Express Links Money Transfer as the headline partner for the 2022 edition of the prestigious awards set for June in the United Kingdom....Published: 23 Mar 2022 at 07:24hrs | 4 | by Agencies
Russia, India explore opening alternative payment channels
Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with th...Published: 16 Mar 2022 at 07:19hrs | 2 | by Staff reporter
Zimfest Live announces Mukuru as the new headline sponsor for summer event
Zimfest Live has announced a new headline sponsor and venue ahead of its event in August this year.The annual family-friendly music festival, which has signed a new sponsorship deal with Mukur...Published: 07 Feb 2022 at 13:11hrs | 1 | by Tidi Kwidini, MCIPR
Mangudya improves in key global central bankers ranking table
RESERVE Bank of Zimbabwe governor John Mangudya has improved in the authoritative global central bankers performance indicators and ranking list by American magazine Global Finance as he graduated wit...Published: 15 Jan 2022 at 15:02hrs | 1 | by Staff reporter
Zimbabwean heads Africa list of women to watch in banking & finance
WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa's financial services sector.The list was compiled following a 3 month entry period which saw...Published: 14 Jan 2022 at 06:38hrs | 9 | by Staff reporter
10 reasons to consider African trade and investment opportunities in 2022
1. Visible green shoots – rising commodity pricesThe pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason for a decline in ...Published: 09 Jan 2022 at 06:19hrs | 7 | by Lerisha Naidu
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 10 | by Simbarashe Bepete
ZBC hikes licence fees
Cabinet received an update in respect of Zimbabwe's Covid-19 response as presented by the Honourable Vice President Dr. CGDN Chiwenga as chairperson of the Ministers' National Committee.The na...Published: 10 Nov 2021 at 05:31hrs | 11 | by Staff reporter
Blockchain Entrepreneurs launch new crypto product
Atria Fintech is a technology disruptor that offers bespoke fintech solutions for Atria Africa and its entire ecosystem. It falls under Cornerstone FinServ which is the holding company. Atria Fintech ...Published: 08 Nov 2021 at 09:57hrs | 23 | by Mandla Ndlovu
Political elites' vacuous populism not serving Zimbabwean people's interest
IN a recent eloquent but rather dense article titled "Dynamics of the Zimbabwe crisis in the 21st century" adopted from a 2003 academic paper of a similar title, Professor Sabelo J. Ndlovu-Gatsheni ma...Published: 31 Oct 2021 at 08:45hrs | 10 | by Dr Mike Chipere
Mthuli Ncube sees potential for 'diaspora remittances' via Blockchain
ZIMBABWE'S central bank frowns at digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017.They te...Published: 17 Oct 2021 at 09:11hrs | 10 | by Agencies
Cassava Smartech Zimbabwe, now trading as EcoCash Holdings Zimbabwe, in strong showing at ZITF
BULAWAYO - Diversified fintech giant Cassava Smartech Zimbabwe Limited, which is now rebranding as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year's Zimbabwe International Trade Fair (ZI...Published: 21 Sep 2021 at 18:56hrs | 13 | by Agencies
Mnangagwa to officially open ZITF
PRESIDENT Mnangagwa is the guest of honour at this year's edition of the Zimbabwe International Trade Fair (ZITF). The country's prime trade showcase would be held under strict Covid-19 guidelines beg...Published: 21 Sep 2021 at 06:13hrs | 1 | by Staff reporter
Zimbabweans to launch music distribution platform
JACARANDA Media Group is set to launch an on demand digital music distribution service for both local and continental artistes at the end of this month.With the platform, artistes and record l...Published: 13 Sep 2021 at 06:08hrs | 11 | by Staff reporter
ZAA & WorldRemit honor five Zimbabweans for contributions to education
Zimbabwe Achievers Awards (ZAA) has partnered with global fintech company WorldRemit, to honour five outstanding contributors towards the education sector in Zimbabwe at the upcoming ZAA UK 10th Anniv...Published: 03 Sep 2021 at 14:12hrs | 1 | by Agencies
Push for digital currency gains traction
ZIMBABWEAN firm, Global Renaissance Investment (GRI) says Zimbabwe must seriously consider introducing a central bank digital currency (CBDC) to stabilise the economy.A CBDC is sovereign legal...Published: 30 Aug 2021 at 05:52hrs | 9 | by Staff reporter
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | | by Staff reporter
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