Tag Search : Econet Wireless

Telecom  |  Zimbabwe’s Econet Shuts Down Post-Paid Platform

Zimbabwe’s drastically inflationary economic environment has forced the nation’s biggest telco, Econet Wireless, to cancel contract line arrangements, forcing post-paid subscribers to pay in advance for roaming and talk time. Local companies are struggling under the pressure of continuous fee ...
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Telecom  |  Econet Joins Forces With American Startup For Artificial Intelligence Solutions

Zimbabwe’s Econet Global Group has announced their partnership with the American startup, Atlas AI. The announcement was made by Strive Masiyiwa, Econet’s Executive Chairman and Founder and Executive Chairman, recently in Accra, Ghana. Masiyiwa said that the important partnership would ...
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Econet Tries To Secure Share Buy-Back Approval To Repay Debts

Zimbabwe's telco Econet Wireless wants to secure shareholder approval for a share buy-back scheme and the placement of unissued shares under the management of directors at the company's upcoming AGM on 24 September 2019. In a letter to shareholders this ...

Econet’s Struggle To Repatriate Funds Causes More Problems For Kwese TV

The telecoms firm Econet Wireless is experiencing trouble in its mission to repatriate funds from Zimbabwe. This situation has caused it not to pay creditors and therefore, created significant challenges for the already troubled Econet Media-owned Kwese TV. The CEO ...

Econet Wireless And FinTech Firms In Zimbabwe Delay Release Of Financials

Econet Wireless and the FinTech Group Cassava have confirmed that they have postponed the release of their respective financials for the period to the end of February 2019, after being given the go-ahead by the Zimbabwe Stock Exchange (ZSE). The ...

Econet Continues To Excite The Zimbabwean Market With The Buddie Beatz Music App

Buddie Beatz, the music app by Econet Wireless, is continuing to excite the market after its recent launch and its award-winning exhibition at the Zimbabwe International Trade Fair (ZITF). Fayaz King, Econet’s CEO, said that the interest in the app ...

Econet Buys Back Mascom Wireless Of Botswana For $300 Million

In the late nineties Zimbabwean businessman, Strive Masiyiwa had difficulties securing a license to operate a mobile network in Zimbabwe, so he launched his network, Mascom Wireless in Botswana. Masiyiwa sold off 14% of Mascom in 2004 disregarding the discontent ...

Netflix Rival Iflix Walks Away From Africa Business To Focus On Asia

Iflix, the Netflix competitor that’s backed by Sky, is leaving Africa to pay more attention to its business in Asia. The Malaysia-based company announced that it had sold off the last remaining shares in its Africa business — Kwesé Iflix ...

Liquid Telecom Receives $180 Million Investment

Liquid Telecom has been given a $180 million cash injection by the U.K. development finance institution CDC Group Plc as Africa’s largest fiber-network operator installs broadband infrastructure across the continent. The Chief Executive Officer at Liquid Telecom, Nic Rudnic said ...

Minority Shareholders Stand Together Against Econet Founder

Minority shareholders raised their concerns over allegations of unfair conduct by Strive Masiyiwa, the majority shareholder at Econet Wireless Zimbabwe. Because of this outcry, a shareholder vote on the conversion of debentures to shares in the Zimbabwean telecoms operator has ...