Econet Wireless Zimbabwe has announced the departure of its Chief Operating Officer (COO), Kezito Makuni, effective February 28, 2025. After 16 years with the company, Makuni is leaving to “pursue other interests outside the company.”
Leadership Changes in the Econet Group
It has been leadership change after leadership change within the Econet Group.
Recently, EcoCash Holdings (Steward Bank) underwent a significant reshuffle, with eight directors resigning following Tawanda Nyambirai’s acquisition of a majority stake and his appointment as Group CEO.
Similarly, Cassava Technologies has made strategic leadership appointments, including appointing an AI Officer and moving some long-serving employees around.
You can’t help but wonder what’s going on with all these high-level exits and appointments.
Is This Part of the Reconstruction Exercise?
Last year, the Econet Group initiated a reconstruction exercise, offering voluntary exit packages to employees as part of its restructuring efforts.
Could Makuni’s departure be linked to this initiative? While the official statement cites personal pursuits, the timing aligns with these sweeping organizational changes.
The leadership changes at EcoCash Holdings and Cassava Technologies further suggest some kind of strategic realignment within the group.
Nyambirai’s takeover at EcoCash Holdings led to a mass resignation of directors, indicating a significant shift in governance and strategic direction.
At Cassava Technologies, the appointment of new executives aims to accelerate growth and strengthen competitiveness—or some other corporate-sounding reason.
A Coordinated Strategy or Just Coincidence?
Leadership changes are not uncommon in large corporations. However, the timing of these shifts across multiple subsidiaries within the Econet Group suggests a coordinated effort to reshape the organization.
Whether these changes will yield the desired outcomes remains to be seen.
Comments
3 responses
In the long term only data centric telcos will survive the onslaught from OTT and satellite based services.
The goal should be to raise ARPU while keeping costs of providing a world class service as low as possible.
I hear that some people who live in border areas have simcards from foreign Telcos because of cheaper data. Thats leaving money on table. Other customers will not find value in hourly bundles, case in point the demand for Starlink which has a steep upfront cost which subscribers are will to sacrifice treasure regarless. This is also leaving money on the table, customers want flexibility and value for their dollar, time based and usage based restrictions lead to subscriber attrition in the longrun.
The cost for CPEs must also be nominal because Telcos should seek to make profit on the service rather than the equipment. If the CPEs cost as much as Starlink mini then in reality high value subscribers may be lost and these early adopters and opinion leaders move to competitors….
An unlimited data offer of $15 per month for 10Mbps may leave competitors in your wake. With 5 million subscribers thats potentialy a billion USD per annum in revenue without the need for a 5G network, 4G is more than adequate.
Having connected customers then allows more value added service offerings to customers and insights into consumer behaviour than can be used for cross and upselling of other services and products.
Competition has become global, hence it is imperative for our companies to think outside the box in order for them to thrive and survive in an increasingly competitive world full of technological disruption…
Unfortunately if you read liquids financisks at this moment in time they only targeting the rich not mass market. They would have changed approach unfortunatalety starlink full
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