Good Morning Zimbabwe News
New telecoms tariffs loom
By Pauline Hurungudo Consumers of telecommunications services must brace for a significant increase in tariffs, which will further eat into their pockets. Gift Kallisto Machengete is a Zimbabwean company executive who is currently the Director General at Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) The director-general of the... Read more
The power of love
H-Metro Charles Mushinga and Charmaine Chasweka . . . Zimbabwe unites to help Cyclone Idai victims ZIMBABWE is in pain. Cyclone Idai is killing our loved ones and destroying our infrastructure. But in all this anguish, Zimbabweans – across the socio-economic and political divide – have come together and... Read more
Masiyiwas launch $100m fund
By Freeman Razemba Econet founder and executive chairman Mr Strive Masiyiwa and his wife Tsitsi have launched a $100 milion Challenge Fund to support rural businesses and other entrepreneurs focusing on rural areas in Zimbabwe as part of their extensive philanthropic work in Zimbabwe and across Africa. Strive Masiyiwa... Read more
Econet says government partially lifts internet blackout, social media still banned
HARARE – Internet services were partially restored for Zimbabweans on Wednesday afternoon, the final day of a three-day job stay-away called by the Zimbabwe Congress of Trade Unions (ZCTU). Econet Wireless, the country’s biggest mobile phone company with over 6,5 million subscribers, told its customers in a late-night SMS... Read more
Strive Masiyiwa says Econet complied with government internet blackout directive
HARARE – Econet founder Strive Masiyiwa said Tuesday that his network had taken down internet services across Zimbabwe on government orders, saying resisting would have led to imprisonment for the management. The government blocked internet access a day after widespread protests against a 150 percent increase in fuel prices... Read more
Inside Strive Masiyiwa’s battle with shareholders for control of Econet, and its EcoCash treasure
Inside Strive Masiyiwa’s battle with shareholders for control of Econet, and its EcoCash treasure – Nehanda Radio Home 2019 January 3 Business Inside Strive Masiyiwa’s battle with shareholders for control of Econet, and its EcoCash treasure Source: Nehanda Radio Read more
Econet dominate ZSE
The Zimbabwe Stock Exchange (ZSE)’s trading was dominated by transactions in telecommunications giant, Econet, as the stock contributed 22 percent to $16 million spent on the bourse last week. Outside the Econet Wireless headquarters in Harare Equities analysts at EFE Securities (EFE) said the trades — set to culminate... Read more
Econet (EcoRob) – an example of the arrogance of an oligopoly
I recently stumbled upon a debate on social media about the service provided by the Econet Group (EcoRob, as I now call them), particularly when it comes to data costs. For most people that have experienced other countries, it’s no secret that Econet currently charges exorbitant fees for data,... Read more
Supreme Court rules against Strive Masyiwa’s Kwesé TV
ECONET Media (Mauritius) cannot distribute Kwesé TV satellite content to Zimbabwean viewers because it failed to comply with the terms and conditions under which it was granted the licence, the Supreme Court has ruled. This follows the Broadcasting Authority of Zimbabwe’s (BAZ) appeal to the superior court contesting a... Read more
Econet launches ride-hailing service
Econet Wireless subsidiary Cassava on Demand Services yesterday evening officially launched a ride-hailing service called Vaya. The service is similar to Uber and allows users to book a taxi using a mobile app. Cassava claims its pricing is 20 percent lower than traditional taxi fares. A check this morning... Read more