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1-10 results from 597 for query «econet»

January 14, 2019 9:48 AM Masiyiwa’s fortune rises to US$2.3bn

Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but four members of the list have smaller fortunes than a year ago. For the eighth 73

January 11, 2019 6:26 PM ZSE Top Ten Index swings into the black

The Zimbabwe Stock Exchange (ZSE) swung back into the black in the mid-week session after its top ten index put on a marginal 0,07 percent to close at 140,96 points, following a weak start to the second week of 2019. After opening the new year in losses as three of the benchmark indices took a knock, losses on the bourse recorded by Econet and Innscor 69

December 19, 2018 11:20 AM Cassava makes history. . . enters Zim market at US$3,8 billion

Cassava SmarTech Zimbabwe made history yesterday when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless. By any measure this is easily the largest public listing in Zimbabwe’s history and the first listing in three years 17

December 12, 2018 9:46 AM Liquid Telecom gets $180m funding boost

Liquid Telecom received a $180 million cash injection from UK development finance institution CDC Group as Africa’s largest fibre-network operator expands broadband infrastructure across the continent. The investment will give London-based CDC a stake of almost 10 percent in Liquid, which is majority owned by Mauritius-based Econet Global. The funding 19

December 6, 2018 3:33 AM Econet unit launches instant loan platform

Cassava Smartech banking unit, Steward Bank and Ecocash yesterday launched a platform where Econet mobile network subscribers will be able to open bank accounts through cell phones in a minute. Codenamed *236#Bank the initiative aims to exploit mobile phone penetration which now stands at 11 million to grow financial inclusion using the mobile platform 26

November 12, 2018 9:18 AM Man fakes father’s death

A Masvingo man and his two accomplices have been sentenced to 420 hours of unpaid work each by a magistrates court for trying to swindle Econet of $2 000 via the its EcoSure Funeral Cover, through a fake death claim. Thomson Chikwaku (24) of Zimre Park and his two accomplices, Peter Mhasvi (35) and John Mamvura (59), were convicted of trying to defraud 22

November 7, 2018 3:17 PM Council workers to face the music

Four Harare City Council (HCC) employees who are on suspension for allegedly inflating prices of commodities that were meant to treat cholera will face a disciplinary hearing on a date still to be advised. “The four employees mentioned in the detailed report will be advised of when they will appear before a disciplinary hearing for allegedly duping Econet 28

October 16, 2018 5:26 PM Liquid Telecom revamps Harare’s sewer pipes

Liquid Telecom will invest $1,5 million in the first phase of repairing and revamping Harare’s broken sewer pipes and water reticulation infrastructure. Liquid Telecom, which is majority owned by Econet Wireless Global, has partnered with government agencies to help in the fight against the cholera outbreak which has already claimed 54 lives. “The exercise 27

October 10, 2018 2:01 PM Mobile money subscribers rise

Zimbabwe’s number of active mobile money subscribers increased by 12,6 percent to 5,6 million during the 2018 second quarter from 5,01 million due to cash shortages in the country, latest industry data show. The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said NetOne experienced a significant growth in active mobile money 26

August 30, 2018 9:06 AM Econet launches EcoFarmer club

Econet Wireless Zimbabwe yesterday launched the EcoFarmer Club, which offers farmers access to a bundle of services that include agricultural commodity prices, valuable farming tips, relevant local weather information and a mobile trading platform which links farmers to buyers. Speaking at the launch of the EcoFarmer Club in Harare yesterday, Econet 43