Shareholders in bid to block Telecel EGM

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Shareholders of Empowerment Corporation, the 40 percent shareholder in Telecel have filed for an interdict against an extra-ordinary meeting scheduled for February 20 to consider an offer from Brainworks Capital for its equity in the mobile phone operator. The application to stop the EGM was filed at the High Court on February 5. Dr Jane Mutasa, her More...

by BizDay Zimbabwe | Published 1 year ago
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By BizDay Zimbabwe On Tuesday, February 10th, 2015
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CTC meets RBZ, Potraz over Econet inquiry

THE Competitions and Tariff Commission met the Reserve Bank of Zimbabwe seeking clarity on Econet’s mobile money business which has been a subject of investigation over the last couple of months. The Authority More...

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By BizDay Zimbabwe On Wednesday, May 14th, 2014
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‘EcoCash to drive Econet’s revenue’

Financial analysts have predicted that Econet Wireless Zimbabwe’s mobile money transfer service EcoCash will contribute a weighty 7 percent to revenue .IH Securities predicted that EcoCash has potential to bring More...

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By BizDay Zimbabwe On Tuesday, February 18th, 2014
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Telecel denies rumours of disinvestment in Zimbabwe

GLOBAL telecoms operator Telecel International has denied rumours that it is pulling out of Zimbabwe. The company on Monday dispelled reports that it was shutting down because it was reluctant to pay the $137.5m More...

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By BizDay Zimbabwe On Wednesday, February 12th, 2014
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SA businessman loses NetOne case

A South Africa-based businessman’s bid to sue Net-One and a Chinese telecommunications equipment producer over a US$250 million network upgrade tender, which he claimed was corruptly awarded to the latter, had More...

By BizDay Zimbabwe On Wednesday, February 12th, 2014
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Econet reignites Telecel hostility

ECONET Wireless has reignited its protracted hostility with fierce rival Telecel Zimbabwe after barring its agents from doubling up as agents for rival mobile money transfer service, telecash. This follows the launch More...

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By BizDay Zimbabwe On Tuesday, February 11th, 2014
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Liquid Telecom market share rises to 70pc

LIQUID Telecom, a subsidiary of Econet Global, spent over US$33 million on network infrastructure development in 2013 while its fibre market share increased to around 70 percent, managing director Mr Wellington More...

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By BizDay Zimbabwe On Monday, January 13th, 2014
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Telecel to meet obligations in December

ZIMBABWE’S second largest mobile phone operator by subscription Telecel Zimbabwe has said it will pay its next installment for the new registration fees by year-end after the country’s telecoms regulator agreed More...

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By BizDay Zimbabwe On Friday, November 1st, 2013
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Econet’s Zimbabwe investments surpass $1 billion

MEMORY MATARANYIKA Harare – ZSE listed telecommunications group, Econet Wireless announced on Friday that its investments in the Zimbabwean economy have reached $1.2 billion. Econet is the country’s biggest More...

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By BizDay Zimbabwe On Tuesday, October 29th, 2013
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African Professionals Massively Migrate to Mobile Devices

The African business community is adopting the use of mobile devices very rapidly, according to a recent survyey. The survey, conducted by the Africa Business Panel, involved 1776 African business professionals More...